Australian Dollar / U.S. Dollar

Short

AudUsd, On the top of a range and in love with .786's

Updated

When an ascending range breaks up upwards I take it as a sign of euphoria that quickly fades away, like the previous breakout. Could happen again of course, but I see a collapse to the bottom more likely,

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If it breaks trendline I'll wait for a pullback to add more:

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Added some more at support retest:

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No new highs, so far, so good.

Trade closed: stop reached

Sopped out at breakeven. Anyway we are very close to the completion of the major AB=CD to enter again.

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Reentered at 0.763.. Stop at 0.767.

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Firsts targets 0.7593 and 0.7548. The biggest part I'll see later (if it works..).

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First target reached, the pullback to the trendline was predictable.

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Placed some pending sells at 76198

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Second one of the first group of tp reached, the upper trendline of the range.

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Second tp reached:

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