Yesterday's trade.. on the AUDUSD.
Initiated trade at 1533hrs BUY, based on the currency strength of AUD, weakness of USD
Breaching the 1/8. Positive movementon H4 chart as well. This was a mistake, as price lowered, but thankfully it rallied on open on AUD markets.
I placed a TP at 2/8, which price tested, but did not want to reach. Before it has now dropped down to 1/8 area.
I was lucky and certainly a poor trade I would not want to do again.. Captured 19+ pips
I think what I did wrong was I should have waited for clear move from the 0/8 to the 1/8 for certain. Anyone else see where I went wrong?
Initiated trade at 1533hrs BUY, based on the currency strength of AUD, weakness of USD
Breaching the 1/8. Positive movementon H4 chart as well. This was a mistake, as price lowered, but thankfully it rallied on open on AUD markets.
I placed a TP at 2/8, which price tested, but did not want to reach. Before it has now dropped down to 1/8 area.
I was lucky and certainly a poor trade I would not want to do again.. Captured 19+ pips
I think what I did wrong was I should have waited for clear move from the 0/8 to the 1/8 for certain. Anyone else see where I went wrong?
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