I got in on the trade after a breakout of the 50 pip consolidation area on a trend. A beautiful trade entrance for a 50+ pip trade, the exit was not though. I moved my stop loss too early, got eager, & was stopped out (in profit at least). It then continued to move further on up, which would still be giving me a insanely higher profit & better RR. Note: let the...
EUR/USD is making lower highs & lows down to the 1.1 major level. Either we will see a break, retest, and continuation of trend and we will take a short opportunity towards the 1.05 level. Or we get a rejection off 1.1 and break of trend creating a new higher high and head back up towards 1.15. Keep an eye out, it will be showing soon. Good luck!
As you can see in the chart with my text. I saw S/R made around the halfway point of .75 & .70. I then saw a break and retest of that zone. Then saw a new higher high formed after that retest. I’m predicting AUD/USD to make a run towards the .75000 area. Let me know what you think! Good luck.
Based off my TA and my multiple indications for entry, I believe AUDUSD will reach/surpass a quick 42 pip TP on a long position. Let me know what your opinions are on this!