FX:AUDNZD Australian Dollar/New Zealand Dollar
Hello, traders. Three impulse in one direction separeted by corrections give us a trend. Trend remains active untill priceaction gives a sign of reversal. I picked up this to initiate my short position in anticipation of downtrend to continue. Stops are above X. Target is a retest of A-point. Good luck
The assessment was correct at the time it was made. Hindsight bias can now come into play quite imperceptibly. It matters not if this trade turns out to be a loss. Traders may lose individual 'battles' (some 50 or more percent of the time). I think our objective is to win the war!! (i.e. consistent profitability).