EUR/AUD - SHORT / SELL SETUP - POTENTIAL H&S
Price needs to complete the Right Shoulder still and then we are looking at a Head & Shoulders setup down towards the 1.16170 region.
As soon as and if the price completes the shoulder I'll be updating with my proper trade details so stay tuned.
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
As soon as and if the price completes the shoulder I'll be updating with my proper trade details so stay tuned.
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
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Had a nice follow through but I didn't get the pullback I wanted to enter