EURAUD: 3rd Times A Charm

FX:EURAUD   Euro / Australian Dollar
1605 21 27
Sorry about that gang, but I keep breaking the rules with this chart. Things should be okay this time and even though the move has passed, I still think the video provides an educational example.

Again my apologies for those who tried to view the chart and couldn't that's 100% on me.

Good luck today

Video Explanation: https://www.youtube.com/watch?v=eX6gM5Kmm8A

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go ahead...break rules...the $ doesn't matter when you don't trade! ;=]
+1 Reply
Akil_Stokes ScottCarney
You are correct, if you don't enter a trade, there's no money at risk. Great advice for those who are still in the learning process of trading and are looking to work on their skills with letting emotions get involved. Thanks for the comment Scott!
+1 Reply
Akil_Stokes ScottCarney
Excellent setup!
+1 Reply
Akil_Stokes morshedul.sazid
Thank you
would you consider this as a breakout? If so, it would be a buy-setup?
+1 Reply
Not a break out but it was a higher high higher close. I would still consider looking for buying opportunities on a retracement
mabaert Akil_Stokes
Thanks for the answer. Helpfull. So you would not sell the retracement itself, but rather wait for the buy option. Because it's an uptrend right?
+1 Reply
Correct, I wouldn't sell unless I had a bearish bias
Sorry, I don't understand. What rules were violated?
+1 Reply
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