Buying the switchback with stops below the recent lows - target at the median line
Comments
wuweitrader
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Yes, mine as well. I seem to not be in sinc with the market (though I like my longer term charts) so I am going to stop trading probably for the rest of the week, though I will be looking at longer term charts still
wuweitrader
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Just another picture - I do not usually look at different timeframes, but thought this was quite interesting - it brings in about the same target area as well.
mreuro1
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wow i am with u :)
wuweitrader
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My sl is at 1.5305 and tp is at 1.5466 (though I might change it to the upper parallel, I have to see). I am currently in the trade but was (unfortunately) stopped out of my AUDUSD trade immediately before it just shot up almost to my target. It was my fault, the appropriate sl should have bee a bit lower where market structure is, perhaps its the hour that caused that mistake.
Once the recent highs are taken out I will bring this sl to breakeven.