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Aussie dollar shows the danger of moving too soon

Aussie dollar shows the danger of moving too soon

Hello everyone,

as I was watching the AUDUSD trading this afternoon I thought it was worth recording some thoughts on the different ways in which breakouts occur. As I was recording I also thought that you could look at these setups differently to the way that I have but again I think that simply underlines some of the dangers in making your assessment too quickly.

Of note also, after I recorded this the AUD made a significant shift lower which goes to show the importance also of having your stop-loss in place on every trade.

You can watch the video by clicking here.

Let me know what your thoughts are on managing the breakout.

All the best,

Dave.