(J) Trade 14 : Renewed downside pressures possible #forex
Update: Stopped out
Profit= -$600 .
Balance= 31 017 - 600 = $30 417
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Trade 14: SHORTED AUDUSD @0.7680
Trade Status: Active
S.L @ 0.7730
T1 0.7600
T2 0.7535
For $30 592 Balance, Position size = 1.2 lot ~ 2% risk of capital
===========================================================================
Reasoning
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Technician
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Profit= -$600 .
Balance= 31 017 - 600 = $30 417
===========================================================================
Trade 14: SHORTED AUDUSD @0.7680
Trade Status: Active
S.L @ 0.7730
T1 0.7600
T2 0.7535
For $30 592 Balance, Position size = 1.2 lot ~ 2% risk of capital
===========================================================================
Reasoning
- Retest of recent horziontal borken support
- Descending resistance
- Broken rising trend line
- Multiple pin bar on retest
- Negative sentiment surrounding markets, may support lower yielders.
Don't forget to click the Thumbs Up
Wish me luck and best of luck for everyone.
For Trades rules and guidelines follow this link
My best regards
Technician
Subscribe to my trading portal thefxchannel.com
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