milesjohnson778

AUD USD POST ANALYSIS 11/1/2022

OANDA:AUDUSD   Australian Dollar / U.S. Dollar
My friends,
Thank you for your continued support here.
I have an analysis of our AUDUSD trade.

I was, for the most part in and out of this trade.
profit was 218 USD on 2 LOT long. which means we roughly only caught 10.9 pips.
however, as outlined in the video I definitely want to understand more about what made me feel as though
I needed to be out of the trade. As far as I know, it appeared the trade was struggling when approaching the 0.64640 area.
It would be wise to add to this that the breach was already struggling after such a short movement.
additionally, I knew fundamentals would be dropping soon. Due to the importance of them and my lack of planning, I decided if I could not monitor the trade as the news dropped it would be best to get out.




Risk Disclaimer. Trading foreign exchange on margin carries a high level of risk and is not suitable for all investors. Past performance is not indicative of future results. The high degree of leverage is dangerous and can work against you as well as for you. Before deciding to invest in foreign exchange or any market you should carefully consider your investment goals, level of experience, and risk tolerance.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.