December 13, 8:30am
- Short Position
- 6 lots
- SL: 17.1 pips
- TP: 39.3 pips
Confirmations:
- False breakout at previously used resistance
- 61.8 retracement on pullback
- Multiple wicks, doji
Results:
AUDUSD Dec.13, 9pm
- Profit: $2,358
- Loss: $0
Thoughts:
- I knew this was a strong area of resistance. When I saw the fake breakout, it added another confirmation for me. Finding a good entry was difficult, but once I saw the doji a couple candlesticks after the bearish engulfing it was go time.
- Short Position
- 6 lots
- SL: 17.1 pips
- TP: 39.3 pips
Confirmations:
- False breakout at previously used resistance
- 61.8 retracement on pullback
- Multiple wicks, doji
Results:
AUDUSD Dec.13, 9pm
- Profit: $2,358
- Loss: $0
Thoughts:
- I knew this was a strong area of resistance. When I saw the fake breakout, it added another confirmation for me. Finding a good entry was difficult, but once I saw the doji a couple candlesticks after the bearish engulfing it was go time.