Thursday, February 2, 2012

2 February 2012

I attempted to trade a trend-reversing pinbar that appeared on the AUDUSD yesterday but was stopped out. I lost 53 pips from the trade. The AUDUSD is currently trending in an ascending triangle so I'm predicting a bullish breakout in the next few days.

- don't trade into resistance / support zones, especially if they've been well-respected.

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