Yeah, I know. Some people are gonna come out of the woodwork and make all kinds of reasons why Aussie has dropped. Bad news from China. Oil dropping, Blah, blah, blah. Well, I predicted this 12 days ago and NO ONE could've told that there was gonna be bad news to cause it to drop back then! I certainly didn't know!
So now here we are, 12 days later and prices have now dropped down to fulfill my prediction and has also almost completed the for a nice +214 pips in the bag! For those that followed me and had the patience to wait this out, you have now been rewarded! This is only the TP1 of my trade and there could be an even further drop coming. But as is the case in many situations, you can never be sure! So with +214 pips profit, it'll be nice to be able to go ahead and put some of those pips in the bank.
MY TRADE PLAN
I am short-closing 50% of my open SHORT trades on this pair and leaving 50% to run if it does continue down. I will move my stops to .72700 so that this trade is a no-loss trade now.. It was a nice run although it did take longer than I had hoped for. But as is the case in my trades, time does not play a factor for me. I am expecting prices to continue lower though.
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!
If you like my posts and find them helpful, please take a second to hit that LIKE button and follow me so I can know my post was helpful to you. As always, any CONSTRUCTIVE comments are welcome whether AGREE or DISAGREE.
thank you for your time and post, your posts and your time are priceless and you still have time to explain to explain, thank you very much.