June 8th Aussie Dollar Short Entry

I targeted and entered a short position on the AUD/USD.

The basis for the entry was that all moving averages had their slopes and orders lined up for a short. After that, with consecutive bearish candles and a technical setup indicating a potential drop, I went short.

Regarding taking profits, I planned about 5 pips, but I changed parameters during the trade, resulting in an incomplete take-profit.

(This was a mistake and incomplete... usually it’s 3–5 pips, and when I accumulate, it’s 3 pips.)

Profit targets and averaging down are not fixed. If I thought a level might act as resistance within a certain number of pips, I would adjust accordingly.

Starting with 150,000 domestically, I’ve set AUD/USD to 01×3 trades.

The basis for the take-profit was the window visible to the left. Windows like this often have a lot of order flow and tend to cause consolidation or reversal.

Taking profit at the left window seemed favorable. It may continue to move, or it might bounce at this window.

The future is unknown, so if I reach the target, I call it a win.

I trade with a semi-automatic EA named Peace and with environment-recognition MA. If you’re interested, please take a look.

※ After reviewing the trade, it did rebound at the window as expected. In the end, it may have been the best place to take profit.

Profit-taking is the priority.