FX:AUDUSD Australian Dollar/U.S. Dollar
When an ascending range breaks up upwards I take it as a sign of euphoria that quickly fades away, like the previous breakout. Could happen again of course, but I see a collapse to the bottom more likely,
Comment: If it breaks trendline I'll wait for a pullback to add more:
Comment: Added some more at support retest:
Comment: No new highs, so far, so good.
Trade closed: stop reached: Sopped out at breakeven. Anyway we are very close to the completion of the major AB=CD to enter again.
Comment: Reentered at 0.763.. Stop at 0.767.
Comment: Firsts targets 0.7593 and 0.7548. The biggest part I'll see later (if it works..).
Comment: First target reached, the pullback to the trendline was predictable.
Comment: Placed some pending sells at 76198
Comment: Second one of the first group of tp reached, the upper trendline of the range.
Comment: Second tp reached: