With the 4H Blue Candle + Confirmed Reversal (CR UP/O) showing a strong buying intrest in this area.
The goal: buy as low as possible in the Buy area to start off with a nice solid position.
Given the current setup of a success rate of 43,91% and the R/R of 4.73 a good Equity Risk is 3%
The goal: buy as low as possible in the Buy area to start off with a nice solid position.
Given the current setup of a success rate of 43,91% and the R/R of 4.73 a good Equity Risk is 3%
Trade active
Moving stop slightly higher and in Profit.Trade active
Taking 20% Off at previous resistance ( the Red dotted Line)Trade active
Stop will be moved higherNote
Trade active
TP Area: reached: took out 30% of the position, might not close fully once TP is fianlly reached and let it run more, might be the start of a nice bullish rallyTrade closed: target reached
TP reached: only letting 10% of the position ride for a longer ride here, AUDUSD might trend up quite nicely after a pullbackTrade closed manually
The reamaining 10% taken off too.
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.
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.