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KVE
Oct 12, 2015 7:56 PM

AUD/USD: Short from bat completion after 9 bullish candles! Short

Australian Dollar/U.S. DollarFXCM

Description

I'm already in this trade from 0.7375 but it's still possible to enter now at market.
My SL is quite wide as always but it could be tighter if you're entering at market, say 0.7460.

We have 9 bullish candles in a row which is quite alot! Usually 7 bullish candles would already get me to look for possible starting retracements/profit taking signs, so this bat is ideal to go short...

If it doesn't work out I will surely be looking for further shorts, 10-11 bullish candles is quite rare, but not impossible ofcourse...

I will take about 70% at TP1, the remaining part for TP2.

Trade closed: target reached

All targets reached, good trade!

Comment

Now waiting for this one:
Comments
KVE
Made it to TP1, SL shifted to 0.7330, so better than BE...
KVE
Looking good, consider trailing SL to BE or taking partial profit and leaving it where it is (what I did just now...)
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