Hey tradomaniacs,
AUD/USD could continue its uptrend soon 👉
After a decent retracement back to a strong support-zone the market traded the pair back up to the descending trendline of the current expanding triangle.
Note that the volume hasn`t followed the move down today which is a sign of less open interest.
Market is back above the Point-Of-Controle heading towards Low-Liquidity-Spots which could easily break.
I`m waiting for a breakout here to get a confirmation!
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
AUD/USD could continue its uptrend soon 👉
After a decent retracement back to a strong support-zone the market traded the pair back up to the descending trendline of the current expanding triangle.
Note that the volume hasn`t followed the move down today which is a sign of less open interest.
Market is back above the Point-Of-Controle heading towards Low-Liquidity-Spots which could easily break.
I`m waiting for a breakout here to get a confirmation!
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Trade active:
AUD/USD: Daytrade-Execution
Market-Buy-Order: 0,76110
Stop-Loss: 0,75950
Point-Of-Riskreduction: 0,76185
Take-Profit: 0,76400
Stop-Loss: 15 pips
Risk: 0,5% - 1%
Risk-Reward: 1,90
Market-Buy-Order: 0,76110
Stop-Loss: 0,75950
Point-Of-Riskreduction: 0,76185
Take-Profit: 0,76400
Stop-Loss: 15 pips
Risk: 0,5% - 1%
Risk-Reward: 1,90
Comment:
As explained on Telegram: Re-entered with alternative Stop-Loss.
UD/USD: Active trade
Please half your position-size as we are at entry-point
Reducing risk down to 0,5% in order to widen the stop-loss as we head into the US-Opening.
As we only have 0,5% in this trade with the current stop-loss I will give the market more space and move stop-loss down to 0,75870 (below key-support and primary Trendline).
Sorry but we need to be a bit flexible in this current market enviroment especially when we can expect volatility.
I know these expiration days and they can be crazily volatile.
UD/USD: Active trade
Please half your position-size as we are at entry-point
Reducing risk down to 0,5% in order to widen the stop-loss as we head into the US-Opening.
As we only have 0,5% in this trade with the current stop-loss I will give the market more space and move stop-loss down to 0,75870 (below key-support and primary Trendline).
Sorry but we need to be a bit flexible in this current market enviroment especially when we can expect volatility.
I know these expiration days and they can be crazily volatile.
Please move your stop-loss to break-even!