Sell signal on AUS200 using the Parabolic SAR strategy
Going back to the basics on this trading idea.
Suppose you have an AUS200 long position, it is a good time to sell it now, as shown by the Parabolic SAR indicator.
As for me, I'm taking a short position at the break of last session's low.
Short at 5659.
Stop loss at 5724.7.
Target profit at 5500 (2.44x reward-to-risk ratio).
Good luck!
Suppose you have an AUS200 long position, it is a good time to sell it now, as shown by the Parabolic SAR indicator.
As for me, I'm taking a short position at the break of last session's low.
Short at 5659.
Stop loss at 5724.7.
Target profit at 5500 (2.44x reward-to-risk ratio).
Good luck!