a bit late on publishing this analysis, but here it is anyways, buy limit triggered, lets see what happens.
Wedge patterns are forming on most of the major pairs, indicating a reversal. Here is the AUD USD set up, my pending BUY limit is placed. Lets see how it goes.
Bearish breakout of the wedge during london session -> induces retail Sellers -> boom, price reverses Higher, stopping out retail Sellers.
Wedge patterns are forming on most of the major pairs, indicating a reversal. Here is the AUD USD set up, my pending BUY limit is placed. Lets see how it goes.
Bearish breakout of the wedge during london session -> induces retail Sellers -> boom, price reverses Higher, stopping out retail Sellers.
Trade active:
Adjusted the stop loss, my stop was too tight, moved stop loss to 250 pips from entry price, risking about 2% at 250 pips.