Short trades today. Pulled Fibonacci retracement on 1-hour chart. Channelling between 1H & 15M chart. Looking at momentum I went mid-way taking the ride of the flow - screenshot of 15M below. At the middle bearish bar I went in another position at roughly the same price, making it two positions.
Unzooming to 1H chart. Price looked promising to next resistance fibo for my take-profit. Both positions hit take-profit +37 & +32 pips.
Not so smooth this pair. Same set-up. Had a limit order for a better price on support of fibo but also went in mid of fibo, which is a bad practice. Not so strong buying witnessed in Aussie pair.
Unzooming to 1H chart. Didn't wait for take-profit at parity. When US Consumer Confidence data was released, RED, which is worst than forecast, but better than prior month. Price went down to hit my break-even stop-loss.
Bought a REITs for holding, comes with quarterly dividends - Mapletree Industrial Trust. REITs are not as volatile as normal shares so holding long term should not have super-high risk and heart attack for me.