AUDNZD: Example of Short Trade
What do you think about such a trading idea? If the price breaks SMA200, it will be a trend reversal setup. The daily chart supports a possible downward movement. The 1H chart gives us bearish signals from RSI and MACD.
Here is an example of a possible short trade:
Sell below 1.09615
Stop above 1.10025
Profit Target at 1.0875
Risk per trade must be no more than 1-2% from the capital.
If you think that the price is not going to move down, share your arguments supporting the bullish trend.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Here is an example of a possible short trade:
Sell below 1.09615
Stop above 1.10025
Profit Target at 1.0875
Risk per trade must be no more than 1-2% from the capital.
If you think that the price is not going to move down, share your arguments supporting the bullish trend.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.