EverythingForex

CLOSED TRADE: BUY@.72567 AUDUSD: TRIANGLE COMPLETION -25 pips

FX:AUDUSD   Australian Dollar/U.S. Dollar
445 2 18
My apologies to all my readers. I have been absent for the past few days due to my moving from China to the USA. So I did not have access to the internet to be able to update anything here though I have been monitoring and sending out trade advice to my clients.

So I am now posting this CLOSED TRADE update to this trade now although the SL was triggered a few days ago. Anyway, the SL was hit on this trade for a -25 pips. Prices did not move to complete the triangle and Wolfe Wave before making it's move down. So my bid to capture a few pips to the upside failed. In retrospect, I had been anticipating a move down as per my SHORT trade that is still active (see Related Ideas: "UPDATE #1: TRADE: AUDUSD: SELL@.73260 2 Possible Triangles") so this trade was somewhat suspect from the beginning. Instead of attempting to capture a few pips on a bounce that didn't happen, I should've been looking for a place to go SHORT again.

In any case, I'll be looking for more downside to go in this pair.
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LPlady91
a year ago
welcome to the US!!
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EverythingForex PRO LPlady91
a year ago
Thanks! I'm actually just returning to the US after being overseas for 5 years. How long I will stay is unknown. After being overseas and seeing some of the world outside the US, I have a hankering for traveling and living overseas now. Something trading affords me the ability to do since as long as I have an internet connection and a laptop, I can trade anywhere in the world!
+1 Reply
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