Thursday 10 March 2011

Another perfect setup on Aussie 1h chart

I didn't take this one but it was another example of a perfect setup.

 The vertical red line shows the trigger for a short trade, since this pair was in a down trend and the purple 20 ema was below the red 80 ema.

Entry point is shown with a down arrow, stop loss with a X and target profit the green hand.



If i were in i'd have bought half-stake when the price reached my yellow support line, bring SL to BE and let the other half hit the TP.

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