M_B2W

AUD/USD POTENTIAL (LONG)

Long
OANDA:AUDUSD   Australian Dollar / U.S. Dollar
AUD/USD (LONG)

ANALYSIS:

- Consolidation = pending move
- Resistance at key trend level
- Rejection At Fib Level 78.80
- Previous Bullish momentum
Trade closed: stop reached: Lesson To All Traders, Patience is key!
I rushed to take a trading opportunity that was about to occur. However, I did not wait to see the true direction of the market. A breakout took place within the consolidation bar I identified. This was a clear indication of the current direction of the market, however, choosing not to be patient, cost me. Patience is definitely a skill required to execute trades correctly.