Aussie Setup Closes for Profit after Some Struggle

Yesterday I posted an analysis on the AUDUSD (go to see it prefact). It was a short setup based on a good confluence at the 61.8 Fibo ratio, broken support trend line, and H3 Camarilla pivot point indicator.

There were also other factors supporting a short setup in this spot: the trend is down and the upside retracement seemed to be toast as the higher highs were lacking any serious price movement.

The analysis was done and the setup discovered. My experience said that the setup was a high probability setup so I took it. Obviously we Forex traders never know if it’s going work out…

After some ups and downs… waiting… more waiting… monitoring… etc etc. After almost half a day, the trade closed for +70 pips profit. Great job traders with the well deserved pips.

Trades like this seem easy in retrospect. But don’t be fooled.

Analysis and taking the trade is one thing. Staying in the trade and not changing plans in the middle of the setup is another story. How many traders enter a setup only to click out after a few hours, or even after a few minutes? Tons and tons. Entering is 1 part. Exiting successfully with calm and patience is where the difference really hits.

That is why on Thursday I am hosting a webinar on exiting as a true Forex master. Join me then to see more on how I tackle exits. It’s well worth your time in my opinion because too many traders focus on entries and not on exits. Go to join the webinar here.

Many Green Pips, T