The euro is at a resistance that has been tested many, many times in the past:
But I think it has a good chance of going up to test the next one (before downtrend continuation):
Whereas I think this could very well be the top for AUDUSD, I will take profit anyway to make sure I win, but still hold for a while.
So in both cases I think we should wait a while longer, it should go further so why close early? But don't forget to take profit once it has dropped further down...
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Patiently waiting for: A) No balls traders waiting for confirmation of a lower low to go short B) Foolish longs to get stopped lossed right below the low of the day
Once we get this price could/should drop really fast, but before that we could stay midway a couple more hours.
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Increased my position from my phone by just 1 mini lot 1 hour ago because it made me feel good.
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Going to go against me as it always does... But well I have to go in ealry or I'll miss all the winners only catch the losers.
Order cancelled
Going to wait for a better level. If it falls before we get there so be it, doing what I can with the luck I have.
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Violent rejection MA20, doesn't mean it's over.
Trade closed: target reached
Time to close. Of course I had 90% of my order up right above the high, barely missed, only got filled for 10% therefore this does not pay for my losses this week. I don't know if I screwed up or was really unlucky.
Also getting paranoid as every trade I do not post goes perfectly well and those I post usually go so wrong... But that makes no sense if someone tries to play with me I could just abuse it...
Anyway the win here is or should be if done right, 3 time bigger than the risk... Would make money even with 30% winrate.
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