Sorry for the mess, I HATE MESSY CHARTS but their is a lot going on right now...No one seems to be talking about this broken and retested daily wedge. I will not be taking any trades on this pair until after the daily closure. If we close above the yellow resistance trend line then we potentially have 78.00 on the cards. I wouldn't be short on this pair until the red line has been broken and closed below so right now it's no mans land.
I have put the fib to the side to stop anymore mess but the 61 and 78 have been touched so we know look to the extensions for completion. Trade what you see not what you want. aussie has been on a mad one but I don't believe it's done yet. my last two aussie/yen trades I got stopped out but I took one on monday which I didn't post which took around 250 pips.
Yen pairs can grow your account massively...I trade with a minimum 1:3 r:r
Loosing a few times in a row doesn't matter when your risk/loss is tiny compared to your tp/wins...when i closed out my trade yesterday I gained back my loss and grew my account by almost 30%.
When you learn to sit back and wait for the market to come to you that is when you will see consistency.
I have put the fib to the side to stop anymore mess but the 61 and 78 have been touched so we know look to the extensions for completion. Trade what you see not what you want. aussie has been on a mad one but I don't believe it's done yet. my last two aussie/yen trades I got stopped out but I took one on monday which I didn't post which took around 250 pips.
Yen pairs can grow your account massively...I trade with a minimum 1:3 r:r
Loosing a few times in a row doesn't matter when your risk/loss is tiny compared to your tp/wins...when i closed out my trade yesterday I gained back my loss and grew my account by almost 30%.
When you learn to sit back and wait for the market to come to you that is when you will see consistency.