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Fx_Tradez
May 20, 2017 10:22 PM

Let the trade come to you. Short

Australian Dollar/New Zealand DollarFXCM

Description

Clearly you can see THE TREND line BOUNCING from starting a NEW HIGHER HIGH to a Lower Low, multiple times, "follow the trend" they say. I then found a resistance zone which is part of a very low risk to no exposure in what you're able to afford to lose as you can see. The green box is where I took my "profits" The yellow is where I believe where the price will go but I personally don't want any open trades over the weekend so I took my profits. Forex is not an investment, remember that only speculative. Either way, be patient, follow your edge and your gut feeling.
Comments
ashddylan
I'm looking for one more up before a low
, what do you think?
Fx_Tradez
@ashddylan, Weekly time frame and daily time frame forms a doji including 4 hour. That's a confirmation for buy or sell based off your edge. Dojis are important to look at.
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