It always takes a longer time on Monday to clearly identify the general trend. But it was more obvious on the more stable AUD/USD pairing.
Disclaimer: This is purely for sharing purpose only, not a trading advice or instruction.
Trade: Slight but steady uptrend. Buy on pullback and after
doji is seen. Sell near previous high, after 4 bars. Profit 5 pips.
Review: Straight forward trend following trade. Waited for
confirmation of uptrend continuation before taking position. Although not at
lowest point, but trade probability was higher.
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