On the AUDUSD I had a bearish trade based on this trendline earlier today, which just got stopped. Now I'm looking to enter long, based on the breakout of the trendline. The price indicates future possible Please wait for a confirmation of the breakout (i.e. a close of the daily candle) before entering.
Where would I place my stop loss? Around the 0.72650 area.
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Still no confirmed breakout.
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Target 1 hit.
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This thing is going crazy!
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Still no real sign of a retracement. Looking good.
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