Pound Australian- Looking for the Countertrendline Break Long

We have hit the D on the daily chart at 1.9811 and are looking to trade the retracement on the 4 hour chart from the 1.127 fib back up to the downtrendline. I am looking for bullish patterns and with the break of the countertrendline I will be long back to the outer downtrendline on the four hour.

Order storniert:

Not on this yet. With all the strength on australia... looking for long scalps on aussie canada.

Trade ist aktiv

Trade ist aktiv:

Small lot only... Not on full size yet.. But this has triggered in that it has pullled back to the downside of the countertrendline. Thanks!

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For the full size lots, I am buying the test of the morningstar at 1.9353. The stop wiil be at 1.9251... I only want to buy this with the bullish formation at that price level because it could provide a lower entry just above the stop at 1.9281 area. When the trade breaks the resistance at 1.95, we can continue buying up to 1.9764, which is the backside of the two hour down trend line.

Trade ist aktiv:

Profit taking.. one off for 140 pips and break even this morning. happy with this...