Surely it has to get back up over 80c with interest rates slashed in the US and Corona creating hell?? Sometimes you have to trust your own analysis!
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Surely it has to get back up over 80c with interest rates slashed in the US and Corona creating hell?? Sometimes you have to trust your own analysis!
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While those reasons are a good reason to think that the Aussie will go up long term, they don't help me make money day trading with a sub 50 pip stop loss.
A 100 pip pullback doesn't change the fundamentals you've listed, but it does stop me out of trades.
This is why taking trades at areas where that 100 pip pullback is the least likely, is so important for my long term profitability.
And for me, buying that triangle breakout was just too risky.
Frustrating looking back on it because it would have made money, but it was the right decision.
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And that is why I don't trade!
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