I just shorted AUDUSD. Why? becaue; Price is showing wickness on a strong resistance level. The fact that this resistance level influence price almost everytime encourage me to short without waiting for any other confirmation signal. Meanwhile, I placed my SL too far for the price to hace enough space to breathe.
It might be a bad idea to go short if we look at the weekly chart but i think the risk is worth.
It might be a bad idea to go short if we look at the weekly chart but i think the risk is worth.
Comment:
Celebrating the first losing trade of the year :-D