#1 Forexpair EURAUD is Down Trending Am about to soak the rice for about 10mins before I boil it for another 7 mins..
This is what the instructions say on how to cook rice on the rice packet
Will this work?🤔 I don't know.
Is this the exact instructions?
No it's not.
The method of how to cook the rice is based on my tolerance level
Meaning how much time am I willing to wait for it to cook plus the amount of gas that is needed to cook it.
Risk Management in trading is very similar to cooking rice on a gas stove
You need to calculate the best strategy to save on gas or firewood or charcoal to cook your rice
In this chart FX_IDC:EURAUD
The following 3 Steps have happened:
👉the price is below the 50 EMA
👉the price is below the 200 EMA
👉the price has gapped down on a down trend
These 3 Steps confirm a down trend market price.
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⚠️Discliamer: Trading is risky please learn risk management and profit taking strategies because you will lose money wether you like it or not.