faithintrade

AUDUSD PRICE TRAP 1HR tf

faithintrade Updated   
OANDA:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD Price Trap - (BUY/SELL)

BUY
Entry: If price break and closes above
alert price on the 1hr tf, enter on the break or the retest
Alert: 0.77853
TP1: 0.78364 (51 pips)
TP2: 0.78891 (104 pips)
TP3: 0.79487 (163 pips)
TP4: 0.80015 (216 pips)
SL: 0.77538 (32 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits

SELL
Entry: If price break and closes below
alert price on the 1hr tf, enter on the break or the retest
Alert: 0.76948
TP1: 0.76564 (38 pips)
TP2: 0.76217 (73 pips)
TP3: 0.75856 (109 pips)
SL: 0.77206 (26 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits

THESE ARE N.O.T. PENDING ORDERS
MUST WAIT FOR THE BREAK & CLOSE
Trade active:
TP1 HIT! for the buy

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.