Almost all traders understand the concept of a drawdown - a period of loss making. A trader is not going to have a 100% trade win rate - there will be losing trades - and there will be times of consecutive losing trades. For some reason, despite understanding this concept, many traders don't ACCEPT this concept. Let me explain... As soon as a trader hits a...
EURAUD looking clearly oversold and due a retrace move. RSI confirms this. Price at daily horizontal support and potential head and shoulder neckline. Stop loss set below recent lows and support level (1.5535). Also placed below the psychological level of 1.5550. Take profit at potential tip of 2nd shoulder, horizontal resistance and around the moving...