EURAUD - 4H - SHORT

This trade can be treated as a risky combo trade.
I will follow closely the 4H TDI because, there is a big risk that EURAUD continue to go higher. That's why the SL on 4H is quite small. The daily chart is here for follow-up purpose in case this pair go down.
However, if there is bearish continuation it should be quick and my opinion is that it's worth the risk.
Please don't follow this idea blindly.

Commentaire:

As expected, this is a risky trade. Euro doesn't want to fall right now. Depending on daily behavior I will close my 4H position or add to open daily position.

Commentaire:

It's getting more than risky on 4H, but very dangerous! We were nearly stop out on friday and I don't expect this trade to survive tonight (sunday) opening. However that doesn't mean the Daily trade is wrong.
I prefer not to look at the weekly TF :)

Commentaire:

I'm thinking a lot about this trade about closing it or not.

On 4H fast TDI has made a remarkable rebound on my trend line. On daily it's seems to continue further down. So I still think we could close it at 1.46927.
But is it worth the risk to keep it open, and expose ourself to a big rally up? For a 20 pips?
It's up to you. I will write here whenever I feel like closing it.
But anyway, it seems I need to work more on my rules for closing trade or not.

Trade fermée: ordre d’arrêt atteint:

SL hit on Daily... Lesson learn : I should have closed it @20 pips loss instead of 150!
Don't try your luck, if market is not giving you what you expect.