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Newmount_Trading_Exchange
Aug 19, 2017 10:14 PM

AUDUSD Long if Bounce from Trendline Long

AUD/USDOANDA

Description

We missed the entry for this long last week so we are hoping for the market to open bearish and run down to re test the ascending trendline.
If this happens we are looking for Bullish candle formations within our marked yellow zone, which is on the trendline, on support level and in a decent Fib area.
If we can find an entry for this Long position we expect the market to run up to weekly Resistance of 0.81016.

Trade active

Order was triggered.

Trade active

Currently +52 Pips.
SL moved to 0.79000 Locking in +20 Pips

Trade closed: target reached

Target Hit.
Comments
JoeMatkinFX
there is also an candlestick engulfing. And it's using 50.0 as support. So its bullish from here?
Newmount_Trading_Exchange
@JoeMatkinFX, Sorry i missed your comment back on the 20th. Hope you got in.
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