Bottom of channel; volume down on fall; piercing candle.... stop below bullish candle target 200 to 400 pips away
Trade geschlossen: Ziel wurde erreicht
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target#1 hit: about 300 pips.
Second target is about 90 pips away. I am out though.... update:
Trade geschlossen: Ziel wurde erreicht
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take profit and RUN!!!
Kommentare
fxfxfx
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maybe I am wrong but I think your trendline is a bit too low, what you see as a break out / BUY opp I see it as a double top heading down with TP 1.66-1.64
fxfxfx
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this imaginary lines we like to follow are tricky :P
Rocketman
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The lines I draw are from other type of charts; Renko, 3-line breaks. The lines themselves don't matter to me, but it is the reaction to them that matter. So far..they do serve us well, I must say. :)
fxfxfx
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you were right! I broke even with my GBPUSD positions and faced some losses with GBPAUD :(
Rocketman
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Yes, I was short GBPAUD. I took profit, and now I am long. I also hope that I am wrong because at the same time, I am short GBPUSD. :) I am long GBPAUD just in case things go wrong. Which ever one gets stopped out, I will be right in either direction.
fxfxfx
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I am also shorting GBPUSD, and looking for a good re-entry in GBPAUD that so far is going in your direction