low-test-bar

JKibbler JKibbler AUDCAD, D, Long , a year ago
AUDCAD: POSSIBLE 4:1 RISK/REWARD ON AUDCAD
58 0 2
AUDCAD, D Long
POSSIBLE 4:1 RISK/REWARD ON AUDCAD
I had this currency pair on my watch list for this week after analysing the WEEKLY chart, and whilst looking through the DAILY time frame I spotted a potential long trade. I spotted a pattern I have just started to test out, you have 3 bars involved. In this instance we see a good pullback to previous structure, ...
amanpaulbhogal amanpaulbhogal AUS200, D, Long , a year ago
AUS200: AUS200/ASX200 long trade
74 0 2
AUS200, D Long
AUS200/ASX200 long trade
With a low test close testing a support area and the ascending trend line, and rejecting the 0.382 Fibonacci level as well as the 50% retracement line, this a long continuation trade with a preliminary target at the next resistance level. Entry above high of low test bar and stop loss below low of low test bar.
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