Schlabberlatz

Busy week continues, Retest of Rising Wedge, Long AUDUSD

Panjang
Schlabberlatz Telah dikemas kini   
FX_IDC:AUDUSD   Dolar Australia / Dolar A.S.
Hi guys,

The busy week continues, I just put in a buy order on AUDUSD as shown on the chart. Price has broken out of a horizontal resistance/support zone aswell as a trendline which is part of a rising wedge, it has now rejected the top of the zone twice in the same day and decelerated.

I don't like the 50 EMA being in the way and getting rejected. I am also not satisfied with the lack of a deeper pullback. Significant MACD Divergence would've been great also. However this trade still has 5 confluence factors. Because I know my strike rate on those setups I know that I posses an edge over a great amount of trades. That is why it's crucial that I trade my plan regardless how I'm feeling about the trade.

Happy trading

Dagangan aktif:
Entered yesterday live at:

Entry: 0.77569
Stop: 0.77113
Target:0.78795

Happy trading
Komen:
Massive Hightest today, indicating some seller pressure. My trade idea is still valid, none of the confluence factors have been invalidated yet. My stop will stay where it is.
Komen:
as of now we're just moving sideways, so nothing really too exciting.

I like my stop and will leave it there until the market tells me otherwise
Dagangan ditutup: hentian tercapai:
Stop reached in tonights Asiasession!
Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.