OANDA:AUDUSD   Australian Dollar / U.S. Dollar
Hello traders!

I'm waiting for the price to reach the marked orange zones where I will look for a position to buy, if I get a signal, if the price goes below the dark orange zone at the end of the day, then I will start looking for short-term shorts next week.

I personally prefer setting up multiple TPs , here's an explanation:
1) 1:1 allows you to take a 50% position and thus secure a balance against loss in case the market turns
2) 2-5 :1 means profit (25% trade volume ), after reaching this TP I move SL to BE
3) 5-10 :1 means bonus money with rest of trade volume 25%

In this way, I ensure that my equity curve grows consistently without significant dips.

Money is lying on the ground, just bend down for it! Be patient and wait for the price to reach a strong zone and open a position!

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.