Since October 20/2020 EURAUD has been been moving and trending lower. We at EWF always encourage our members to trade with the trend and not against it.
On November 23 2020 I posted the SELL/SHORT trade setup entry on social media @AidanFX “EURAUD @ 1.6232 SL @ 1.6272 TP1 @ 1.6192 TP2 @ 1.6152.”
EURAUD November 23/2020 Social Media Post @AidanFX
8 to 9 hours after the SELL/SHORT trade entry EURAUD moves lower and on November 24 2020 price hits both the TP1 1:1 RR Target at 1.6192 for +40 pips and the TP2 1:2 RR target at 1.6152 from 1.6232 entry for +80 pips. If you followed me on Twitter/Stocktwits @AidanFX you too could have caught the EURAUD move lower. We at EWF never say we are always right. No market service provider can forecast markets with 100% accuracy. Only thing we at EWF 100% is that we are RIGHT more than we are WRONG.
EURAUD 1 Hour Chart November 24/2020 (1st Target HIT)
EURAUD 1 Hour Chart November 24/2020 (2nd Target HIT)
Sell/Short position closed and banked. Always know where your targets are before entering a trade and always close the trade when targets hit.
Of course, like any strategy/technique, there will be times when the strategy/technique fails so proper money/risk management should always be used on every trade. Hope you enjoyed this article and follow me on Twitter for updates and questions> @AidanFX or chat me on Skype > EWF Aidan Chan
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