KhaleemAli

AUD/USD LONG - Daily Close/Triangle/HH HL

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
41 views
2
Took a long position on this pair, a bit choppy on the 4HR timeframe, but still the last 8 hours it attempted to breakout of the triangle it's in, then 4 hours later it was strongly rejected with a bullish candle and now should be heading to make the HH, where I've placed my TP. It has also peeked above resistance labeled with the blue rectangle , has retested and now should be heading higher.

TP @ 0.77649
SL @ 0.7658
R/R @ 2.15
Comment: Manually Exited Trade at a 1% loss because on the H1 chart the price broke out of the trend line to the downside and created long wicks showing bears had strength pushing down, bound to go down. Should have kept stop a bit smaller and TP at the swing high ad it may not have gone past that as it's a very strong resistance point. Would have taken profit then with an R/R of roughly 1.75.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out