EURAUD 15min Trend-Following Short, Big Potential Drop Awaiting

EURAUD Short opportunity following the downtrend from higher timeframes.

Short Entry at the 15min Supply Zone at 1.64137.
Stop Loss at 1.64240
TP set at Daily Demand Zone at 1.62888
RRR: 11.2

Note

Now, manually exit at breakeven if possible. I was expecting a direct push down from the 15min Supply Zone, but it didn't happen.

Trade closed manually

see above.

Note

HAHA! How sad, I was out breakeven, but what I did was RIGHT. More important than winning money is that you should always be prepared for different situations and follow through your plan. My plan was that if the entry 15min Supply Zone did not create direct strong down push, then I'm out. Yes, I missed this pretty big profit, so be it, it is part of Trading. Our goal is to strictly execute our plan!
If you are still holding the trade, I suggest to exit a bit before the Daily Demand Zone, at 1.62888.

Note

Hi guys, if you are holding this trade, please exit now. TP has been reached. Congratulations :)

ForextWaveTrading

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.

ForextWaveTrading