I have taken a profit of about 0.5% (2x risk) from this trade. I sold the market on a downside breakout from a trading range, at a point when the AUD was also breaking out against the EUR and rising against the USD and JPY. It looked like a good bet, therefore, that the breakout was a real one. However, in the past few days the trend has started to roll over, and I decided to take a small profit. The lines on this chart show the trading range:

This was a well-executed trade. I got in close to the support level that was broken, with a tight stop. I may have taken profits too early, but the market was rolling over and I was nervous about it — reason enough to take a profit at the moment — I am still learning to take profits at the right time and am erring towards doing it too much rather than too little.

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