Good day traders. I have heard the confusion many times from traders about when to take profits and not being able to hold on to swing trades long enough because they don't know what to look for.
You would recall this article https://www.whiteoakfx.com/post/learn-to-solve-the-market-puzzles. Here, we allude to the fact on September 29th, 2021 that #EURAUD was going to drop and what evidence the other market structures screamed at us.
Knowing the drop was sure was one thing but knowing the reversal point at or about the 1.53694 level is another.
Determining the reversal point is critical because ideally, that is where you would most likely want to take profits if you held the trade for for so long. The evidence on the daily and weekly charts were my key sources for identifying the level mentioned above. Understanding the market sequences and trends taught at https://www.whiteoakfx.com were parts of the great puzzle that needed to be solved.
Now immediately after taking profits at the very lows on October 29th, 2021, price is rallying just as expected to daily supply accurately located on the charts. At that point, if price wants to drop, a combination of elements will help me to determine that and produce the appropriate signal.
Becoming a professional in anything requires your time and sacrifice as well as a great mentor and education. Feel free to check us out at https://www.whiteoakfx.com ; the best trading school in the world.
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