TradingView
tntsunrise
Apr 22, 2016 1:03 PM

AUDUSD FAKE BREAK OUT AT 0.7740  Short

Australian Dollar/U.S. DollarFXCM

Description

AUD USD below 0.7740 again

Which means
The whole week is a fake break out
Look at the weekly chart
Such a long pin

I will still be bearish to AUDUSD
as long as the price is below 0.7740
My target? 0.7211

Comment


this is how we do trend continuation

Comment

Comment

Comment

Waterfall!
0.7650 now

Comment


Hey Traders, are you still in this trade?

Comment

First Target Hit: 0.7450

Comment

Make lower low, now is 0.7400
Another 200 pips to TP2
We enter at 0.7820, now is 0.7400
400 pips.
Again this trade demonstrate nicely:
If win, we win big, if lose we lose small.
Comments
Julio
Yes. I still trading
xango9304
Why cad so strong but aud seems to go weak?
Which one is true?
FKHo
Yeah! patience pays! Thanks a lot for this trade Idea man!
gcplau
Good job Jack...just for the same AUDUSD trade...a first short for 50pips lost....2nd short at 100pips higher level for a 170pips profit so far.... a good example for good Risk/Reward! Will you take 0.75 as TP1 0,72 as TP2 or all the way to 0.72??
tntsunrise
yes. 0.7500 is the TP 1
gcplau
Great...good to know...tks.
LukaszMosinski
Hi Jack, is it correct thinking?
tradingview.com/chart/lh7Wj4Zl/
tntsunrise
when dxy is in one direction, trade audusd better.
audusd goes down, usdchf goes up, so audchf dont' know go where
snpd2010
will u short it again now/ after pull back?

thx
siemion
Yes I am :-)
More