FX:AUDUSD Australian Dollar/U.S. Dollar
Trade active: 0.7688
Comment: I still hold my short
Comment: I'm having a holiday these days, so a bit late to update sometimes.
Trade closed manually: TP2 reached
Hi Ken, Entered this trade and saw you had published this yesterday. But got scared when it started rising, especially when there was a daily bullish close above trend resistance. However, I still held on because i believed in the analysis I had made and it also agreeing with yours. I am not too experience in trading and doing analysis and so have not been publishing my ideas. Was the upsurge what is called a bull trap? With the price now falling but US data coming out at 8:30 GMT, is the down movement confirmed. I can see a divergence on the 1 and 4 hour timeframes which gives me a bit of confidence and the fact that the low of the candle that started the upsurge has been broken as of now. However the news keeps me worrying. I need a second opinion. Do you think the reversal has been confirmed and it will go to the target? Thanks
Thanks for the advise. I have taken some profits but is still in it. I ve seen you ve closed after yout TP 2 was hit. IS it the case that it is about to reverse and that your previous TP 3 will not be hit? Some how I am thinking it will go to 0.7560. Do you share that view? or am on a dangerous part. Am I being greedy? I ll accept every constructive comments and criticism. Thanks