AUDUSD 1D BUY LIMIT TRIANGLE BREAKOUT STRATEGY Long

Australian Dollar/U.S. DollarFXCM

Description

⋅ Jul 18, 2019 10:31 PM

Triangle Breakout Buy Limit Strategy
If breakout candle is greater than 1 ATR
1 Buy 1/2 position size at breakout candle close @ .7075
2 Place 1/2 position size buy limit pending order just above 1 ATR level @ .7055

1st trade TP .7075 (entry price) + .0045 (atr) = .7120
2nd trade TP let run have SL follow price

SL you find

Comment

⋅ Jul 19, 2019 2:11 AM

4H chart - 1st trade already entered - 2nd trade buy limit pullback hit

Comment

⋅ Jul 19, 2019 2:43 AM

Triangle Breakout Buy Limit Order Take Profit setup

Comment

⋅ Jul 19, 2019 11:38 PM

Failed breakout. Price returned back into triangle pattern.
Close trade now, do not wait for price to hit SL