EURAUD Short
Updated
EURAUD got to a Supply zone and I waited for a clear topping pattern to form. I entered once the pattern broke to the downside. Trading this on the 8h chart to avoid the noise I see on the 4h and 2h.
TP 1 is the first blue line.
Let's see how it goes!
TP 1 is the first blue line.
Let's see how it goes!
Note
Closed half of my position at a small profit as momentum seems to be slowing down and I want to preserve capital. Kept half because price has a not yet shown signs of reversing the upside.Trade closed manually
I closed the rest of this trade at a profit of 145 pips as the weekend is coming up. If you remember I cut it in half early on but it's still a nice profit regardless.Normally I would hold onto this type of trade over the weekend but I to be honest, this was mostly an emotional decision. I just didn't want to have any trades open during the weekend. Sometimes I'm ok with it but this week I wasn't.
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.