AUDUSD SHORT
Updated
In a strong weekly supply zone.
Momentum shift trade on the 4 hour chart. Short TP will be near the trend line.
Limit entry at the first touch of box. Wait for it to re-test box before entering.
Recommened:
SL: 30 pips
TP1: 60 pips
TP2: 90 pips
TP3: 120 PIPS
Aggressive:
SL: 60 PIPS outside of the weekly supply zone.
TP1: 120 PIPS
TP2: 180 PIPS
TP3: 240 PIPS
Momentum shift trade on the 4 hour chart. Short TP will be near the trend line.
Limit entry at the first touch of box. Wait for it to re-test box before entering.
Recommened:
SL: 30 pips
TP1: 60 pips
TP2: 90 pips
TP3: 120 PIPS
Aggressive:
SL: 60 PIPS outside of the weekly supply zone.
TP1: 120 PIPS
TP2: 180 PIPS
TP3: 240 PIPS
Note
news related volatility spike, stopped out the initial position. Just got stopped by a few pips. if you had the aggressive stop outside the weekly zone you are still good.re-entered my short at 0.7267, same SL and TP as before.
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