Let’s start off the week with a nice signal from EasyPeasyPips. So now we have our target locked onto EURAUD for a short position. As you can see the indicator provided a sell signal 1 Bar ago (4 Hours ago) and that has caught out attention to get into this trade.
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You might ask why the Pink Background? Well that’s how the EasyPeasyPips Indicator works. Pink background just means that this Forex pair is in a downtrend and we shall only consider short positions only. And here we are looking at a possible short entry for EURAUD. So here’s how we will approach this trade. We will enter a sell stop order… we want the bears to confirm their march south before going in. Sure we might not get the best price… but hopefully we will get momentum behind us when we enter into this trade.
- Sell Stop order: 1.58555
- Stop Loss: 1.59176
- Take Profit: 1.58093
Last note… sometimes in our haste to get the signals out, you can expect some mistakes/overlook. Please use common sense when entering the trade. Any questions or feedback… comment below. Have fun and good luck with this trade.
If you are into Easy Trend Trading System, then I am happy to share with you EasyPeasyPips. This is how my trading terminal looks like when I trade with this system. I just load up the indicator into 12 or 16 charts and wait for the alert. Remember, you don’t trade all signals. You cherry pick the best setup.
Pink indicates downtrend. Cyan indicates uptrend. Light yellow means stay out. With the easy color background, you will know the direction to trade. Now just wait for the pop up alert so that you cherry pick the best setup.
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