See callout bubbles. The EUR against the commodity currencies is on an overall tear up, however, it looks like that trend may be slowing and/or reversing. That tells me that I should look for an opportunity and get in early before the big move comes. The AUD also looks like it wants to pick up some steam, so it is at this price level where I will look to go Short.
Who's with me?! ; )
Who's with me?! ; )
Trade active
Price is in our zone. Let's see what kind of reaction we get. The AUD is looking pretty weak in the US session, but if it's overextended, that could mean that buyers will be stepping in soon which would bode well for us. Let's just let it do it's thing and see if our analysis is correct.The key to getting over your fear of red is to always measure your risk and be okay with being wrong.
Note
EUR looking a little bit bullish. Moved stop to entry. Stopped out at breakeven. No loss taken.Trade active
Re-engaged short earlier this morning. Let's see if the AUD has some strength ; )Always measure your risk and be okay with being wrong ; )
Trade active
This one took a little longer than expect to develop, but it is developing nicely. For now, just monitoring and waiting to see if we can break some of these lows...Always measure your risk and be okay with being wrong ; )
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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.
***If you feel like you've learned something and would like to learn even more, please sign up and support me as a patron at my Patreon page located at Patreon.com/SimpleRenkoTrading***
Thank you for your support!
Thank you for your support!
Disclaimer
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.