Why are we entering?
- Expecting AUD weakness now and USD strength = AUDUSD SHORT
- Waiting for price to retrace before entering
What is our confirmation?
- correction
Entry
- Safe Entry: Once correction is formed, entry on break of correction
- RISK Entry: once price retraces, will draw fib and look for rejection at fib level
Once entered, where will our Stoploss be?
- above price rejection once correction breaks
Where do we take profits?
First TP: 0.722 (300pips)
Second TP: 0.71 (380pips)
Third TP: 0.697 (520pips)
- Expecting AUD weakness now and USD strength = AUDUSD SHORT
- Waiting for price to retrace before entering
What is our confirmation?
- correction
Entry
- Safe Entry: Once correction is formed, entry on break of correction
- RISK Entry: once price retraces, will draw fib and look for rejection at fib level
Once entered, where will our Stoploss be?
- above price rejection once correction breaks
Where do we take profits?
First TP: 0.722 (300pips)
Second TP: 0.71 (380pips)
Third TP: 0.697 (520pips)
Want more chart ups like this? Click the links below:
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Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
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.
Want more chart ups like this? Click the links below:
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
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.