kjiuytrr

Be ready to sell breakout

Short
kjiuytrr Updated   
FX:GBPAUD   British Pound / Australian Dollar
2
Looking good for a breakout to the downside.
I generally take profits when the breakout loses momentum and then look for another entry.
It is your call whether you wait for the close outside the cloud but I have been in this trade for some time now.
Will increase my trade size if the breakout occurs.
Trade closed manually:
I didnt take my own advise in this trade and let it run when I should have taken profits as I normally do which resulted in a big loss.
I will go back and analyse what was different with the conditions in this trade.
Comment:
I am still watching this trade for a possible breakout, it actually looks to be lining up a little better right now.
Comment:
CS is still under price, we will see what happens when cs hits price.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.