AU Short Using Monthly Resistance Levels!

21. Juni 2017

AUDUSD Currently Short on my initial entry. For this Trading style I look for the ebb and flow of the market, my initial entry is .01, with a second of .02, and occasionally a 3rd (have not hit that point before). I trade small in relation to account size so if you are reading this expecting big wins try to remember it's risk vs reward. The monthly pivots are set to Fib Support and Resistance levels and I like to trade from one level to another. Usually from S2/R2 down/up to the monthly pivot. Occasionally I will let a trade roll over to the next month and change my trade accordingly.