OANDA:AUDUSD   Australian Dollar / U.S. Dollar
12 0
After following one of sam groth videos I attempted my first tech analysis and marked up chart from 1m to 1d with supposrt and resistence and trend lines . Based on the lines I have added, I think there is a strong possibility of a buy opportunity if the daily resistence line is hit and tested with a pullback. If this is the case I will enter a buy later tonight during the asian session. This maybe completely wrong I am just starting.
Trade closed manually: So this played out pretty much how I imagined however the restest of the the lines was on the opposite side to how I had drawn them. This was a school girl error on my part as I am still learning. I did place a trade but closed before it hit my TP or stop loss as I couldn't sleep with my trade open. Think this is a sure sign I am a scalp trader for now until I get better. I did however make £4.49 0.70993-0.71052 on 5.9 pips. Not exactly stellar. I I had of stayed in I would have made 19.8 pips. Again not bad for a beginner 2/2 successful trades.
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