Dollar Australien/Dollar Néo-zélandaisMis à jour Posibilities we could be seing on AUDNZD
consolidation forming, so the big liquidity (banks) are accumulating long or short positions.
RSI looks stagnant, no information there to be gained.
me: Already on a long trade from 1.056. Putting my stop to break even and waiting patiently. I have nothing to lose (literally).
I am changing my trade in this way because the consolidation has a 50% chance of breaking up and a 50% chance of breaking down, so if it goes down I lose nothing and if it goes up, I realistically make 3.2 times my initial risk.
Trading is all about risk management and putting the probabilities on your side, whatever the market decides to do.
RSI looks stagnant, no information there to be gained.
me: Already on a long trade from 1.056. Putting my stop to break even and waiting patiently. I have nothing to lose (literally).
I am changing my trade in this way because the consolidation has a 50% chance of breaking up and a 50% chance of breaking down, so if it goes down I lose nothing and if it goes up, I realistically make 3.2 times my initial risk.
Trading is all about risk management and putting the probabilities on your side, whatever the market decides to do.
Note
reputing a limit order here:
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.