tntsunrise
Long

EURAUD buy the break out of the triangle

FX:EURAUD   Euro Fx/Australian Dollar
4574 26 90
Buy the Break out of the tri-angle.

After a bullish shark pattern
price stopped making lower low
and consolidate in the tri-angle.

A breakout of the tri-angle will move the pari
toward TP1 1.5150 and TP2: 1.5570

Trade only when the candles' body
closed above the tri-angle and keep outside.
SL should be the origin of the bullish candle.
Comment:
snapshot

GOING TO BREAK
Comment: BREAK UP. BUY
Comment: This is a genuine break out. close above the tri-angle
Comment:
snapshot
Comment:
snapshot

SOLD BREAK UP
GOING TO HIT TP1
Comment: TP 1 HIT
Comment:
snapshot

look at the chart, Target One hit and price went down.
this tells us one important thing:
You have to take some profit at target one!
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Jack what about RBA rate decisión, should we close trade or change to BE?
Reply
tntsunrise TOP felipenavarro1
no need. stay with you plan
Reply
snpd2010 tntsunrise
Hi
Do u think that it is valid to buy now ?
thx
Reply
I'm in on this;
Reply
can we enter sell again 1.1395 now
Reply
IF it's false break , what to do next ? Thanks .
Reply
It is a valid break. keep your position
+1 Reply
You should be carefull with short audusd.
Short
Reply
tntsunrise TOP DinhVanThach
did not go what you expected and it is a valid break out
Reply
Should not trade post NFP. False Break out. Eur USD will fall and AUD USD will rise
Reply
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