Detailed plan for shorting AUD
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Okay my traders. This looked very attractive when i entered it but the momentum didn't follow. Whenever we have a momentum play but the market don't play as expected the uncertainty arises. Our approach is to limit our losses because we can always re-enter later. we have to be tight. I'm liquidating the position and waiting for more certain scenario
Profit Target @ 0.7470. The Add and the trailing stop still the same. Just make the stop-loss narrow which provides 1:9 Risk-Reward