Will Duxon
Active member
- Messages
- 175
- Likes
- 4
I'm shorting AUDUSD
I should have entered this trade like two hours ago and I might have already exited the position with a profit, but I guess I wasn't paying attention, so now I'm going to have to start off upside down.
The overall trend is negative however, which renders the current situation as pretty much what I would expect from a classic pullback, so hopefully I'll be okay in the end.
UPDATE: I was stopped out of this trade, which did a pretty good job of faking me out. I still believe I'm looking at a pullback here, but if this is the case, it might be a few hours before the pair "genuinely" turns south.
ABOVE: I've shorted AUDUSD again, hoping to have better "luck" this second time around. (UPDATE: I exited this trade with a small profit in that I'm beginning to see signs that AUDUSD might be forming a new bottom (and USDCAD might be forming a new top) so I'm going to sit on the sidelines for awhile. (See the image below.)
I should have entered this trade like two hours ago and I might have already exited the position with a profit, but I guess I wasn't paying attention, so now I'm going to have to start off upside down.
The overall trend is negative however, which renders the current situation as pretty much what I would expect from a classic pullback, so hopefully I'll be okay in the end.
UPDATE: I was stopped out of this trade, which did a pretty good job of faking me out. I still believe I'm looking at a pullback here, but if this is the case, it might be a few hours before the pair "genuinely" turns south.
ABOVE: I've shorted AUDUSD again, hoping to have better "luck" this second time around. (UPDATE: I exited this trade with a small profit in that I'm beginning to see signs that AUDUSD might be forming a new bottom (and USDCAD might be forming a new top) so I'm going to sit on the sidelines for awhile. (See the image below.)
Last edited: