Again, on the daily time frame we see a nice wedge forming here. It appears to me a bit to early for the breakout which is making me lean toward a long position. In addition the 200sma is acting as support to PA. Seems to be a high probability long play here.
As always, risk management is crucial!!!
As always, risk management is crucial!!!
Trade closed: stop reached
We got hit with some news that did not react well with the AUD. That's okay, this is why we only risk 2% per trade.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.