The_Cannalyst

Shortterm BreakOut?

Long
The_Cannalyst Updated   
FX:EURAUD   Euro / Australian Dollar
36
Nice upwave...the consolidation stopped at the 38 fibo,and formed an ultrashortterm uptrend. Within that trend we see one flag after the other (yellow counting).....the and now we are fighting with the last high. Breaking through that high, the "2" - could initiate a shortterm breakout-situation. TP2 is a solid resistance -u can see that if you zoom out a bit in this tf.
best regards
mary


On the other hand means trading near the last high a wonderful cchance-risk-ratio for shorties :-9 with a sl a bit above the last high with tp @ 1.4281
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Tp1 reached
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TP2 reached
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Attention, we have kissed the resistance Zone!
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wow, instead a break we see a trend acceleration ^^
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...crazy!
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BBs stressed out, rsi overbought!
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we are really trading near tp3...unbeleavable - cheers!
Trade closed: target reached:
1300 Pips!!!! i hope anybody was an bord! Have a nice day !!!
Best Regards Mary
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