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EUR/AUD Follow-Through on Swing and Wave Reversal Shorts
Sticking with a trade is difficult when the movement that triggered the entry exhausts or moves against your position. Not fun but part of trading all-the-same. The EUR/AUD short sell based on a daily chart trend rollover (aka a Wave Reversal) took a breather for a session, plotted a blue GRaB candle, and did its best to look neutral for a day. Ultimately the 1.2500 level – the hero of this short entry – offered a helping hand… You can follow the entire trade build out with my previous two updates: “Playing the EUR/AUD Rollover” and “EUR/AUD Pauses in the Midst of a Trend Shift”. The idea behind the set ... (full story)