tntsunrise
Long

EURAUD buy the break out of the triangle

FX:EURAUD   Euro Fx/Australian Dollar
4572 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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which frame ?
Reply
AmjadFX sha2labaz
Daily
Reply
sha2labaz AmjadFX
shokran ya m3alem
Reply
Hi Jack, you would wait for a breakout & pullback before entry? Or a more aggressive entry upon break out ? Thanks
Reply
Break an close on the 240 Jack?
Reply
Also triangle in EURCAD, which is already broken.
Reply
hi a shark pattern need a 0.618 retracement on B but i see a 0.478 ? so ?
Reply
where is your SL?
Reply
i will set a pending order at 1.4900 buy limit ... its beter i see jack

do u agree me ?
Reply
This is a nice one Jack, great call!
Reply
what is your sl on this..? I have kept it near the x
Reply
Equal techbyter
SL must be after break of triangle on downside. When it breaks - it is SL.
+1 Reply
Isnt it a fale break ? Spike fade out. Now inside a triangle
Reply
Yes its a false break
:)
Reply
it is a valid breakout. NFP makes all the shortting guys stopped out.
+1 Reply
aoo.hlo.raeng tntsunrise
Thanks.
Reply
Should not trade post NFP. False Break out. Eur USD will fall and AUD USD will rise
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
IF it's false break , what to do next ? Thanks .
Reply
It is a valid break. keep your position
+1 Reply
can we enter sell again 1.1395 now
Reply
I'm in on this;
Reply
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
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