AUDUSD: Strong accumulation
Updated
With the 4H Blue Candle + Confirmed Reversal (CR UP/O) showing a strong buying intrest in this area.
The goal: buy as low as possible in the Buy area to start off with a nice solid position.
Given the current setup of a success rate of 43,91% and the R/R of 4.73 a good Equity Risk is 3%
The goal: buy as low as possible in the Buy area to start off with a nice solid position.
Given the current setup of a success rate of 43,91% and the R/R of 4.73 a good Equity Risk is 3%
Trade active
Moving stop slightly higher and in Profit.Trade active
Taking 20% Off at previous resistance ( the Red dotted Line)Trade active
Stop will be moved higherNote
Trade active
TP Area: reached: took out 30% of the position, might not close fully once TP is fianlly reached and let it run more, might be the start of a nice bullish rallyTrade closed: target reached
TP reached: only letting 10% of the position ride for a longer ride here, AUDUSD might trend up quite nicely after a pullbackTrade closed manually
The reamaining 10% taken off too.
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