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webster.robesten
Oct 25, 2022 4:54 PM

An idea for Shorting the AUDUSD. Short

AUD/USDOANDA

Description

Currently trialing some price action analysis.
looking at it from a long term perspective.

Trade closed: stop reached

Trade closed: stop reached

Just noticing , i had placed my stop at wrong price level.
Intention was a 1:3 Setup.
SL: above 0.65000.
Entry Below 0.64000
TP: 0.61000.

Might have or might have not made a difference, but double checking , would've been better. win or lose.
Comments
JoeChampion
Do you consider fundamentals too?
webster.robesten
@JoeChampion, Hi, sometimes i do ,but in this instance i just went with the technicals only (Like i do most times)
it might have been a better idea to check for those , see if there is any correlation with what i saw on the chart , but since i am trialing some stuff , i thought i could get away with it.
Tradersweekly
Thanks for the update. I wish you good luck next time.
webster.robesten
@Tradersweekly,
Appreciate it, the learning never stops.
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