Profit= -$600 .
Balance= 31 017 - 600 = $30 417
Trade 14: SHORTED AUDUSD @0.7680
Trade Status: Active
S.L @ 0.7730
For $30 592 Balance, Position size = 1.2 lot ~ 2% risk of capital
- Retest of recent horziontal borken support
- Descending resistance
- Broken rising
- Multiple on retest
- Negative sentiment surrounding markets, may support lower yielders.
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First when it broke the main upward trend line.(This was the trend line which stopped us out) .
Second when the pair broke out of a bear flag.(Watch 15 minutes chart around 0.7640 area).
Third (The easiest one) Polarity Principle (Old support becomes a resistance now)
when it broke the support which I think was Tp1(see the two shooting stars in 15 minutes chart a clear sign of rejection) it was too easy to enter in it there and make 80 pips.
But there is always a tomorrow.
Next day and next trade.
Happy trading for every one.