here we have a good oportunity to go short the euraud on the breakout of the uptrend. we have a nice big bearish bat to go with it which hasnt hit target 2. i am looking to sell yesterdays big bearish engulfing right into target 2 of the bearish bat. on 4 hr and 1hr the retouch has already been completed.i have my stops and targets in place for personal preference. you can and should setup and trade your trade to match your strategy. but i do want to give everyone an idea of what i see and what can be a great oportunity to cash out on this trend breakout/bearish bat. macD has also crossed over and the last 2 trys at making higher highs show divergence on RSI. ill post another pic of my daily chart in the comments
Trade closed: target reached:
tp 2 you can let it run and trail.
Comment:
stops were too tight. wave theory has helped placement. 11/7
David K Giraldo