The view from fund managers is still very bullish USD, and this Aussie rally gives a great opportunity to sell the Aussie dollar at a relatively high price to recent trading.
This trade has a potentially fantastic risk to reward. We're looking to trail the stop, and secure 50% of the position at a 1:1 risk reward.
Please note that using a trailing stop loss has been proven to be a winning strategy of itself - adding your own analysis can add further edge.
Here' we're looking at a recent bearish structure break combined with trading below the 1H 21 period moving average.
For more follow!
This trade has a potentially fantastic risk to reward. We're looking to trail the stop, and secure 50% of the position at a 1:1 risk reward.
Please note that using a trailing stop loss has been proven to be a winning strategy of itself - adding your own analysis can add further edge.
Here' we're looking at a recent bearish structure break combined with trading below the 1H 21 period moving average.
For more follow!
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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.
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.