AUDUSD Seller Trap Active (SELL TRADE ACTIVE) Floating @ 1:3 RRR
What is up folks so just a quick update before the weekend comes
So far so good on this trade that was taken earlier today, it is floating at just about 1:3+ RRR, Side note this is where a lot of traders tend to try closing - in my experience and for my style this is when the trade is now being born
Based on the structure at the low I believe that the dealer still very much needs to take out the buyers at the low so I am looking at a minimum of a 1:6 RRR for this trade alone and if it wishes to give me even more than that then who am I to deny the market's generosity?
Have a great weekend folks
See you guys in the next one
:)
So far so good on this trade that was taken earlier today, it is floating at just about 1:3+ RRR, Side note this is where a lot of traders tend to try closing - in my experience and for my style this is when the trade is now being born
Based on the structure at the low I believe that the dealer still very much needs to take out the buyers at the low so I am looking at a minimum of a 1:6 RRR for this trade alone and if it wishes to give me even more than that then who am I to deny the market's generosity?
Have a great weekend folks
See you guys in the next one
:)