Lesson learnt: AUDUSD. Don’t trade w/o higher lows and lower highs

Sometimes it takes the hard way to learn some discipline. I’ve learnt to stick to 2 legs pull back + Higher low/ lower high.

In fact, the most important is element of a 2 leg pull back is the 3rd higher low

Even price tested the two 20 and 55 EMAs in close proximity and at the cross over point also no use. Most important is Higher low