I got 2 setups to Long Pound Aussie.
After the price broke the trend line, we retrace where could probably the price will hold after a short sell. Thus, the most probable area likely to hold is (A) and the next is (B).
Caveat.
After the price broke the trend line, we retrace where could probably the price will hold after a short sell. Thus, the most probable area likely to hold is (A) and the next is (B).
Caveat.
Trade active:
The price somehow reacted to resistance level (3). To defend my profit which has already reached to Risk-Reward ratio to 4x, thus i have to move my SL from 1.68437 to 1.69046 level to make it 1:1 Risk-Reward ratio. I believe the 1.69046 level could be the safest level not to hit back during pullback in lower time frame.
Trade active:
Adjusted the Trail Stop to 1.69714 level.
Trade active:
Trail stop to 1.70961 level.
Trade active:
Trade closed: stop reached:
Trailing Stop hit at 1.70961 level.