gok128

Aussie big short incoming

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
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3
I beleive the Aussie pair will drop, even further than the TP set on the chart. Nothing is certain in the market but If the momentum is strong this could end up being a 300 + pip drop. As always upon a downside push, breakeven so the trade is risk free since the stop loss isn't wide

Comments

Good analysis mate! I had the same idea!
+1 Reply
When's the best time to enter this?
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gok128 farley1991
@farley1991, In my opinion right now, but if you have a more conservative approach then waiting for some sort of confirmation is always a good idea.
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@gok128, what you put SL and Tp as?
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gok128 farley1991
@farley1991, If you want a higher risk to reward, put your stop loss above the recent high it made, if you want a safer stop loss put it above the double top it formed. The TP is flexible. TP1: 0.6382 Tp2: 0.6282 TP3 0.618 Tp4: 0.58
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