Long position for AUD/USD.
Remember Risk management is more important than anything else. Trading is about long term gains so stay consistent.
Price has reached a Support level.
The reason for the wide SL is to avoid the market going insane and closing the trading in a loss. If the market is going the opposite direction, we will close it before hitting the SL.
TP is at a realistic level as well even though I believe it will go higher.
But more important than anything else is TO BE PATIENT.
Happy Trading :)
Sepz
Price has reached a Support level.
The reason for the wide SL is to avoid the market going insane and closing the trading in a loss. If the market is going the opposite direction, we will close it before hitting the SL.
TP is at a realistic level as well even though I believe it will go higher.
But more important than anything else is TO BE PATIENT.
Happy Trading :)
Sepz
Trade closed: target reached
Beautiful hit our TP. Easy 30% growth on the account! :)
Keep in mind, trading is not a game of buying and selling. But a game of patience. ;)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.