AUDUSD - Bearish Butterfly Completion
Happy new year folks, I am finally back in the markets after a 2 week break.
2016 is over, whether you traded well or traded badly last year, always remember that the market does not remember it.
Do not let past failures affect you and do not let past success cloud your judgement.
Let's hope we begin the year by having our first winning trade!
My first trade of the year is on AUDUSD, where I see a bearish butterfly completion.
Price has rejected the PRZ twice and I will enter my trade at 0.7265.
SL is set at 0.7320 and I am aiming for 0.7170.
This trade has a risk to reward ratio of 1:1.5
Good luck and good trading guys!
2016 is over, whether you traded well or traded badly last year, always remember that the market does not remember it.
Do not let past failures affect you and do not let past success cloud your judgement.
Let's hope we begin the year by having our first winning trade!
My first trade of the year is on AUDUSD, where I see a bearish butterfly completion.
Price has rejected the PRZ twice and I will enter my trade at 0.7265.
SL is set at 0.7320 and I am aiming for 0.7170.
This trade has a risk to reward ratio of 1:1.5
Good luck and good trading guys!
Trade closed manually:
Price broke above prz. Gonna take a small loss of 30 pips for now. Closed at 0.7295.