AUDUSD - 1H - Breakout from consolidation
Buy now. We recently finally saw a clean breakout from the strong trendline that we were ranging around for be past weeks. now we had consolidation downwards which we just broke out of to the upside
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target setup.הערה
addon if we break aboveהערה
note thats its not a risk free addon, so u cant significantly improve your stop on the original position. so only do this if your original position is small anwayהערה
After entering an addon after the break of the recent triangle, i pulled all the remaining stops below the triangle, since i wanna limit my risk and due to the market having not much power currently, which is always worryin for a breakout trader. we did see a nice spike tho after the breakout and im now looking to take profits for origianl position and the 2 addons at the gartley completion point.
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correction. its ofc a bat pattern, so targets are a little bit higher below the 886. not the 786 for a gartley.הערה
its gettin very close to the target area. i will then also sell the bat pattern as a hedge against my remaining longs. make sure to place your orders if you re a pattern traderעסקה סגורה: היעד הושג
Target 1 reached for both addons and original postion. Bat short hedge triggered and now stops to breakeven on that after missing my target by a few pips on the first attempt
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currently looking for an addon for my hedge short based on the bat. ofc the earlier consolidation wouldve been much better, but well - i need to sleep too.עסקה פעילה
short addon active. TG1 ~50 Bat retracement TG2 ~618 Bat retracementעסקה סגורה: היעד הושג
Bat Pattern and Addon TG1 it. stops breakeven for addonעסקה סגורה: היעד הושג
got stopped out for my addon TG2 for breakeven. while i got a TG2 winner on the original bat sell. no further shorts for AUDUSD left.
i still have my original long breakout and the long addon TG2 and TG3 active, so 4 position. but the stops are only 10 pips lower as current price at breakeven, so we really cant go much lower or i will be out there too.
lets see how it goes
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all remaining longs stop out for breakeven. all flat audusd.this is shaping up to be a bigger consolidation i guess befor aud finally goes up. i will look into that next week. but i will probably publish a new idea for this, dont worry.
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המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.