This was a trade I took at 3.30AM this morning. You know you're a trader when you think about trading and can't sleep.
The AUDUSD had been ranging for the last few hours. With the US session closing in a few hours, I believed that the range would hold, and went short when price bounced off resistance and retraced a bit. Rather than try to pick the tops and bottoms of a range, I think you're better off just trying to catch the high-probability 'meat' in the middle. The trade was in line with H4 and H1 momentum.
I took profit at 1.5R when price began to stall.
Back to sleep.
Back to sleep.
(click to enlarge)
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.