In this week’s market analysis, I’ve identified shorting opportunities on AUD/USD and WTI.
Both are potential bearish flag patterns that you can look out for.
I would also like to share with you 2 things to take note of if you are a counter trend trader.
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1. Reduce your risk per trade
2. Have a conservative take profit target
If you follow these 2 guidelines, counter trend trades are additional setups to your trading arsenal.
Lastly, I would like to share with you the USD/JPY trade I recently got stopped out and what my take on it is now.