AUDUSD presented a shooting star at a key area of confluence on Wednesday. Price failed to break this confirmed evening star. Thus creating a volatile indecision bearish engulfing at the high. I will short upon a retest of the high or the presentation of a reversal candlestick on the back of the trendline if broken. Price is still pushing for its highest point....
Aim for 5-8%. It can be easily achievable in 1-3 days.
My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2.
The reason for booking profit of only 5-8% is because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities.
Take trade if all...
Aim for 5-8%. It can be easily achievable in 1-3 days.
My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2.
The reason for booking profit of only 5-8% is because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities.
Take trade if all...
Today's London session was a bit of a fumble. I am still working on psychology and being confident in my analysis. My overall analysis was correct but executing my trades and accepting losses has been a struggle. If I placed limit orders on all my ideas today the optimum outcome would have been +45RR-including the exception of the EU 1:13RR trade loss due to...
DJI look like it may move sharply downwards today continuing the downward trend towards testing the low of 29 Feb at 29856.
Trade Idea: Short between 30500 and 60600
Tp from 30350 - 30285
SL around 30750
