My Forex Journey#3 ......AUD/usd Trading #3...Follow up......New BUY Position Holding
Who is glad to see the Forex market open again after what seems like a long 2 days closing?
I was looking forward to the price action when market opened for me to see how AUD/usd would play out after it dipped drastically 1 hour before closing on the last Friday.
Now, AUD/usd has come back up. I have close out some older trades to take short term profit. I bought new BUY positions as you can see in this chart in profit already but, I am HOLDING the positions to target higher.
I will hold with thinking this AUD/usd still has high probability of being BULLISH in a long term up to a week using QFL method I mentioned in previous posts.
Here below is the some conversation in our Discord forex & stock (QFT group) particularly by @atari saying that the USD is weakening. This means that the AUD is gaining strength against USD thus AUD price has gone up this morning so far. Of course, this could change.
I will keep you updated later to show you how the prices has changed and make adjustment if needed on my positions.
Remember your main target and manage your risk management.
Be sure to upvote and leave your comments and questions about AUD/usd.
This is not a financial advice and just showing for fun what I am trading and why.
Be Free Always, All Ways even in trading!
David, Hanamana
it would be nice if more began to grow. many coins fell unfortunately
Why, did you trade Forex and lost $? Some pairs will go down and other Forex pairs go up....you have to decide if to sell or buy at the right moment.
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