AUDUSD Slope Is Valid, We Go Short

Price is testing an upper parallel of a median line set, and having a valid slope, we may trust this level. Stoploss and profit targets as shown at the chart. Always move stoploss at BE when first target has been reached.

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Kommentera:

VERY IMPORTANT: In the last couple of weeks i began posting charts in TV with exact entry points, stoploss and profit targets so traders can trade with no guesswork. I update the charts, post comments, which is time consuming, but it's ok with me since i deliver succesful setups( there are losers too). But as all of us i don't sit 24/7 in front of my computer. When you are in a trade and high volatility news are about to realise you should do one of these three things: Get out with either loss or profit, move your stoploss at breakeven when in profit or hedge when in profit.

For this AUDUSD setup price almost hit our first target before the news released. With 1.70:1 you could easily take the profits. I was sleeping and couldn't update. The news came out stoploss was hit and then price collapsed. Remember that before trying to make money in the markets, you should protect the ones you have in your account. So in future setups even if i don't update the posts, try to protect your capital. Today we have high volatility news and no interest in trading.. If you have any questions feel free to ask..!