AUD/CAD update, I have doubled down on this pair since the " MM " ran a fake move up. This is one trade that I couldn't pass it up.
Looking at this chart which has a good teaching lesson.
The " MM " runs this pair up 22 pips one hour after the change of shift at the trading desk.
They pull in all of these unsuspecting buy traders, and in a few hours they will be closing out their trades and saying what happened. It was going up then it just stopped.
Welcome to forex trading 101.
Note: When you look at any forex chart always remember the opposite is going to happen, that's the problem because you just don't know when.
Looking at this chart which has a good teaching lesson.
The " MM " runs this pair up 22 pips one hour after the change of shift at the trading desk.
They pull in all of these unsuspecting buy traders, and in a few hours they will be closing out their trades and saying what happened. It was going up then it just stopped.
Welcome to forex trading 101.
Note: When you look at any forex chart always remember the opposite is going to happen, that's the problem because you just don't know when.
Patience, let the trade come to you.
1