markuspd
Long

Buy on the breakout

FX_IDC:XAUAUD   GOLD / AUSTRALIAN DOLLAR
18 2 3
Be ready to buy the kumo breakout.
Chinkou above price, kijun shows a change in trend.
I would place a small buy now then a larger trade after the breakout.
I dont use a stop loss, but you could put a stop loss just under 1771 after the breakout and move it up when and if the chinkou breaks through the cloud.
Comment: I am still waiting on a possible upmove when cs hits price it may move back up fast and then we can look for another breakout at that time if that happens.
Comment: I am moving on to other trades, I guess the lesson to take from this pattern is there was no bullish future green cloud so that was reason to hold off until the breakout.
If all breakouts were equal we would all be rich.
Closed my small position for a small loss.
Will wait for further opportunities.
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Still waiting on the bullish green kumo of course, it will happen.
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