AUDUSD: Waiting for confirmation
Hi traders,
On the AUDUSD I had a bearish trade based on this trendline earlier today, which just got stopped. Now I'm looking to enter long, based on the breakout of the trendline. The price indicates future possible
Please wait for a confirmation of the breakout (i.e. a close of the daily candle) before entering.
Where would I place my stop loss? Around the 0.72650 area.
On the AUDUSD I had a bearish trade based on this trendline earlier today, which just got stopped. Now I'm looking to enter long, based on the breakout of the trendline. The price indicates future possible
Please wait for a confirmation of the breakout (i.e. a close of the daily candle) before entering.
Where would I place my stop loss? Around the 0.72650 area.
Note
Still no confirmed breakout.Note
Target 1 hit.Note
This thing is going crazy!Note
Still no real sign of a retracement. Looking good.Trade closed: target reached
Both targets hit!
Related publications
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.
Related publications
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.