I hold short on daily. Entries & stops on chart. I'm risking about 70pips, and targeting 140 pips. I'm never interfering with this trade. I either get taken out on SL or TP, as I have taken time to consider my options. I am prepared for the loss dollars, should it happen. Read my Daily and weekly views below
AUDNZD_daily:
1. Well organised downtrend. 2. SP Setup 3. RE_bull in PSZ w/ qualifiers met. 4. Faking the RE_bull- Shorting it w/ the expectation that it fails to validate 1.06248 5. Today is 1st of the 3days as per the 3DVR(Three days validation rule)
AUDNZD__weekly:
Kommentera
⋅
-I'm stopped out on my trading account. Waiting patiently on what price does next, going forward.
-Daily trend is still down for me. Weekly trend is neither bullish nor bearish. It's equal probability for the bulls & bears, as indicated on my weekly chart earlier.
- How much did i lose here....? 1% of account. Does it hurt, nope! Other trades are doing great so far, I shall recover easily.