Think Like A Trader Blog

Wednesday, 11 January 2017

Live 5 Minute Timeframe Trade on Forex Pair Aud Usd 10th Jan

Live trade on the 5 minute timeframe. The Forex pair AudUsd spiked up, breaking out of a short term downtrend. As it did so it spiked into a key resistance level where I took a short trade back down to the previous swing high. This trade was counter trend and one of my confluences was the market reverting back to mean.

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