tntsunrise
Short

AUDUSD BREAKS OUT + PULL BACK TRADE

FX:AUDUSD   Australian Dollar/U.S. Dollar
5440 26 114
SIMPLE BUT EFFECTIVE
This is a break + pull back trade idea:

SELL THE PULL BACK
AT 0.7673
AUD has lost the up momentum
SL : ABOVE 0.7710
TP: 0.7500
Since the daily chart AUD did not make a new high
I will use this entry method to add some short position.
Trade active:
snapshot

Order filled at 0.7673
Comment:
snapshot

0.7380 is my target
Comment: Very good, breaks lower low. now is 0.7630
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It hit SL and reversed.
Reply
My bad too...
Reply
Same here
Reply
Now we have to wait until this thing will come down again...it will.
Reply
ShaneIce Mairita
Do you think it will go beyond 0.7720?
Reply
Mairita ShaneIce
Yes, it can happen.
Reply
It looks like hit my SL @ 0.772
Reply
Do you think that the set-up is still valid after the last bullish candle?
+1 Reply
tokyotiger RamaDeda
no, wait to see if it makes a new high now
Reply
AUDUSD


I think ,too many eyes looking to sell,
The supply zone will fail soon.
Reply
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