tntsunrise
Short

AUDUSD BREAKS OUT + PULL BACK TRADE

FX:AUDUSD   Australian Dollar/U.S. Dollar
5432 26 114
8 months ago
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.
8 months ago
Trade active:
snapshot

Order filled at 0.7673
8 months ago
Comment:
snapshot

0.7380 is my target
8 months ago
Comment: Very good, breaks lower low. now is 0.7630
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leong801
8 months ago
im entry 0.7658 from yesterday and set SL 0.7726.
Reply
tokyotiger
8 months ago
making its way back up to .7673
Reply
ronaldsaw
8 months ago
I got in at 0.7672 and SL above the previous structure (high) at 0.7720. Nice one Jack!
Reply
thewealthlifters
8 months ago
Nice analysis sir
Reply
Lorry.NZ PRO
8 months ago
When taking a pull back trade like this is the weekly chart at the 38.20% standard for calculating your profit target?
Reply
tntsunrise TOP Lorry.NZ
8 months ago
u can do that by taking partial profit and let the rest position run.
Reply
Rokz
8 months ago
Creepy, almost my exact trade in your info...
+1 Reply
tntsunrise TOP Rokz
8 months ago
GREAT
Reply
thebaface
8 months ago
Hi Jack, wondering how much the news in an hour can affect the trade
Reply
ScottSchaufele
8 months ago
Nice call Jack I am in with you lets go all the way!
Reply
VanTuan
8 months ago
I love this strategy Breakout and pullback and I wonder How to see the pullback @0.7673 in this case ? Did you look at on TF H4?
Reply
tntsunrise TOP VanTuan
8 months ago
1H CHART
Reply
Thank you good one tntsunrise !
Reply
tntsunrise TOP SalmanKhalek
8 months ago
welcome
Reply
Lalahong9999
8 months ago
Very good idea
Reply
rcreddyvanga
7 months ago
Interesting Analysis, but few points from my side, first still the trend is up but acting from weekly resistance. so need to play with cautious. high reward may work, but its better to exit near demand areas like 0.7610-0.7630. I took this trade and exit @ 0.7635.
Reply
Funny_Jasper
7 months ago
AUDUSD


I think ,too many eyes looking to sell,
The supply zone will fail soon.
Reply
RamaDeda
7 months ago
Do you think that the set-up is still valid after the last bullish candle?
+1 Reply
tokyotiger RamaDeda
7 months ago
no, wait to see if it makes a new high now
Reply
DucThanhBui
7 months ago
It looks like hit my SL @ 0.772
Reply
Mairita
7 months ago
Now we have to wait until this thing will come down again...it will.
Reply
ShaneIce Mairita
7 months ago
Do you think it will go beyond 0.7720?
Reply
Mairita ShaneIce
7 months ago
Yes, it can happen.
Reply
Equal PRO
7 months ago
It hit SL and reversed.
Reply
ShaneIce Equal
7 months ago
My bad too...
Reply
jaco.joubert.98 ShaneIce
7 months ago
Same here
Reply
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