EURAUD Short Idea
Hello Traders,
Today we will share with you guys the
EUR/AUD as it seems to show downwards pressure towards 1.38, before breaking the 1.389 resistance zone. It currently flirts with major resistance level.
We will be entering a short call at 1.388 to head at least to 1.3825.
Risk/Reward: ~2.1
Notice if the market closes hourly above 1.3905 this setup will be diminished.
As always, trading is a probability game nobody is 100% right and always use a stop-loss when trading. Trade with care.
Cheers,
Secrets2Trade
Today we will share with you guys the
EUR/AUD as it seems to show downwards pressure towards 1.38, before breaking the 1.389 resistance zone. It currently flirts with major resistance level.We will be entering a short call at 1.388 to head at least to 1.3825.
Risk/Reward: ~2.1
Notice if the market closes hourly above 1.3905 this setup will be diminished.
As always, trading is a probability game nobody is 100% right and always use a stop-loss when trading. Trade with care.
Cheers,
Secrets2Trade
Note
Stop-loss is now at breakeven. Protecting capital for any surprise move to the upside. Trading is all about money and risk management.Note
We got stopped out over night. Proft: 0 due to stop-loss BE. Let's see what other trading opportunities we get today.
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