Think Like A Trader Blog

Friday, 27 January 2017

Forex Pair Aud Usd Live Day Trade - Allowing a Retrace - 26th Jan

In this live trade I take a short position after the Forex pair Aud Usd seemed to move into a short term downtrend. After we set a lower low I allowed the retrace back to test the previous swing low, letting the market move against me in the process. It was only after the second test of the low showed support that I exited the trade. It is always important to make decisions based on your analysis rather than your emotions in a trade.

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