AUDUSD VERY RISKYS HORT TRADE 8 - OCTOBER 2018

AUDUSD

ONLY PLACE TRADE IF RISK TO REWARD IS <1
ENTRY PRICE: 0.70526
STOP LOSS: 0.70983
TAKE PROFIT 1: 1.272 EXTENSION
TAKE PROFIT 1: 1.414 EXTENSION
TAKE PROFIT 1: 1.618 EXTENSION
KEEP IN MIND THIS TRADE IS RISKY
- RSI IS OVERSOLD, HIGHER HIGHS AND DIVERGING BULLISH
- MACD IS DIVERGING BULLISH, HIGHER HIGHS AND MOMENTUM STRENGTHENING BULLISH
PLACE STOP LOSS TO BREAK EVEN WHEN PRICE HIT'S FIRST TARGET
LOOK OUT FOR ECONOMICAL EVENT'S
THIS IS JUST MY ANALYSIS IT COULD BE RIGHT OR WRONG.
PLEASE LEAVE POSITIVE FEEDBACK, CRITICISM, YOUR THOUGHT'S AND YOUR IDEAS
lIKE IF YOU FOUND THIS USEFUL AND FOLLOW ME FOR MORE IDEAS- I WOULD REALLY APPRECIATE IT
GOOD LUCK, TRADERS

Trade active

Comment:

Almost stopped out. i did say this is a very risky trade

Trade closed: stop reached:

Stopped out