a.b

Breakout opportunity on AUDUSD

FX:AUDUSD   Australian Dollar / U.S. Dollar
A breakout opportunity is forming on the AUDUSD . The pair is in a downtrend from a few weeks and has already given three very great sell opportunities. The setup was identical for all the three:
• breakdown of price
• breakdown of Sentiment Index
• opportunities below resistance

Right now the breakout could be either to the upside or to the downside so let's just wait and see when the breakout comes.

Last but not least, always check confirmation from the indicators!
Trade closed: target reached: Nice impulsive move and target reached pretty quickly
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MORE INFO ON THE INDICATORS

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Comments

Great job
+1 Reply
a.b vingris
@vingris, thank you!
Reply
Long side targets?
Reply
a.b Ta-Trade
@Ta-Trade, I already reached my target and cashed in the profits. Now I wait for a new setup just like this one to form. It's always the same ;)
Reply
@a.b, Same here AB....retrace and long again?
Reply
a.b Ta-Trade
@Ta-Trade, correct, that's the basic idea but it must form a similar setup with the indicators, otherwise I won't risk the money and concentrate on different pairs/assets.
+1 Reply
I want to buy it but not!
Reply
a.b behzadnajafi774
@behzadnajafi774, you have a PM!
Reply
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