FX:AUDUSD   Australian Dollar / U.S. Dollar
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2
A new signal to short.
US news out today could be the catalyst for a move too
Trade closed manually
Comment: When I initiated this trade the Non Commercials were buying AUD

Comments

I closed this trade for a couple of reasons. Having been stopped out in sideways moves already I am a little more cautious to holding the trades.
I prefer to be in a trade that is going in my favor quickly than one which thinks about it for a long time.
The reason I feel the trades are not working out quickly in my favor is because my entries are mid way between higher time frame extremes. This is something that I am going to work on more to see if I can pick trades from a higher time frame OB/OS area and then drill down to lower time frame High Probability trades.
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