nice setup on AUDCAD.
1
Chronicles of the Price Action Scalpers 210 replies
Chronicles of a forex trader 5 replies
DislikedLast trade taken in December 2013. EURAUD Counter-Trend Trade for 90pips. 1. Playing EUR weakness against AUD strength. 2. Trend is UP on Daily TF, so trade is taken in counter-trend context. 3. Obvious Supply coming into the market, so waited for pullback to SELL HIGH. 4. Stop 40pips. 5. Target 90pips. Obvious demand zone. Could have held on for more depth into the zone, but last day of the year, low volatility,etc... {image}Ignored
DislikedLots of High Impact Events going on today, so caution is adviced... {image} {image}Ignored