AUDJPY - Shorting 2017 New High

If you get stopped out you have two choices:

1) Wait for price to reach the next key level before re-entering
2) If analysis completely wrong then plan for opportunity in opposing direction

I got my last AJ short idea completely wrong but that doesnt matter as long as you define your risk according to much larger rewards.

Warm Regards

Rodrigo Antonio

Transaction en cours:

Stopped has covered entry and now this trade is #BULLETPROOF

Commentaire:

The volatility that spiked above the previous highs then reversed demonstrated the mass psychology of the market in bring this pair down.

Trade is a counter trend trade so I wont be holding position for very long!

Transaction en cours:

Profits have been taken and remaining position left running to maximise this winning trade. No matter what happens I have made money!

Rodrigo Antonio.