SWING TRADING JOURNAL
I'm bearish for AUDUSD and this is my plan
I will;
SELL AUDUSD somewhere at Green Box (So, I will wait for a pullback first)
SL above RED LINE
Final TP at Blue Box
Manage this trade with your trading style, maybe you want to;
1. Close your position early (at 1R, 2R or any profit level)
2. Move your SL to break even
3. Scale out
4. Trailing stop
5. Re-entry if bearish structure still valid
6. etc
No Profit Guarantee, Good Luck!
I'm bearish for AUDUSD and this is my plan
I will;
SELL AUDUSD somewhere at Green Box (So, I will wait for a pullback first)
SL above RED LINE
Final TP at Blue Box
Manage this trade with your trading style, maybe you want to;
1. Close your position early (at 1R, 2R or any profit level)
2. Move your SL to break even
3. Scale out
4. Trailing stop
5. Re-entry if bearish structure still valid
6. etc
No Profit Guarantee, Good Luck!