It was a good week of trading on the AUDUSD pair
All of the best trades made are highlighted in the white boxes
This week has been very good for breakout resistance plays
The previous short turned out to be a long on the ascending triangle as it played out bullish and broke the upper resistance, hindsight I shouldn't have been trying short the breakdown because these patterns are traditionally bullish. That being said using a tight stop has saved me numerous times this week and allowed me to finish up 25%.
All of the best trades made are highlighted in the white boxes
This week has been very good for breakout resistance plays
The previous short turned out to be a long on the ascending triangle as it played out bullish and broke the upper resistance, hindsight I shouldn't have been trying short the breakdown because these patterns are traditionally bullish. That being said using a tight stop has saved me numerous times this week and allowed me to finish up 25%.
Note
Here's where I flipped to a long on the breakout of the upper resistance on the ascending triangle:Note
Note
Note
Made some nice trades on break out of both support and resistances hereThe ugliest trade I made was the short in the middle of this series, the reason it failed was because I did not wait for a formation to confirm the trade
The other three shorts were all based on potential breakdowns of support, all merited however only 1 hit while the other two were stopped out.
Currently long again on the break and retest of the resistance formed through most of yesterday
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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.