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Cherry94

Breakout of the consolidation against the local trend

Long
Euro / Australian Dollar (FX:EURAUD)  
Cherry94 Updated   
FX:EURAUD   Euro / Australian Dollar
Chart Patterns breakouttrading breakoutsignal consolidation-breakout consolidation
1
0
chartpattern breakouttrading breakoutsignal consolidation-breakout consolidation
After the failed attempt of the breakout of the consolidation towards the local trend. Now I'm trying to catch the correction after quite long down-move by flipping my position.
1)Stop loss below the lows of the consolidation.
2)Profit target based on the recent technical structure.
Trade closed manually:
Got out at the breakeven.

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Cherry94
Breakout from the consolidation towards the trend
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