tonz_of_gunz
Short

AUDCHF SHORT TERM ANALYSIS

FX:AUDCHF   Australian Dollar/Swiss Franc
269 6 22
My idea on what i am looking on this pair for the next days.
Trade active: I have been asked to show how i trade this breakouts and this is an example, now i see some good candles that supports a long trade after breakout and i am long on this pair.
snapshot
Comment: Half position closed for small profit, moved sl to break even for the other half because i dont like how is developing.
snapshot
Trade closed manually: Last half position closed for at 0.74010.
Hey! Do you think this breakout is enough to confirm? Or would you wait for a pullback then confirmation? Thanks for the great idea again!
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tonz_of_gunz PhilippeRitchot
I dont see big buyers right now so this could be a fake one. I am still watching for another wave down
snapshot
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Oo,, so we should wait for confirmation candle after pullback?
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Thats how i do it most of the time, a simple channel or tl test after breakout not enough for me:).
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wow.. i saw your post just now and it is looking great. nice consolidation above TL and a nice strong 4hr candle confirms the uptrend is about to start. Nice catch
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tonz_of_gunz ruthrajamanie
Thank you!
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