DayFarrell

DON'T BE TO QUICK TO OPEN A POSITION

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
LOOKING AT THIS SET UP, ITS EASY TO ASSUME THAT PRICE REVERSED AT THE PREVIOUS RESISTANCE LEVEL , BUT I'M A BIT SKEPTICAL TO ACCEPT THIS OUTLOOK AND GET FULLY INVESTED IN A SHORT, THERE ARE SOME SIGNALS THAT POINTS TOWARDS A MOVE LONG BEFORE A SHORT.
I WILL TAKE A SHORT HERE ON A SLIGHT PULL BACK UP TO RESISTANCE, BUT AS I SAID, NOT FULLY INVESTED.
THIS WILL BE A PLAY IT SAFE TRADE FOR ME, I'D SELL AT 7500

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