I love crypto but i love forex too , so let's talk about the pound against the australian , from more than 1 month is moving inside a rectangle , waiting for a breakout , i love this kind of situations , cause looks like the '' calm before the storm '' if a breakout should occur the move might be really fast ! So watch that closely in these days.
Note
Broke the rectangle. Waiting for an entry around 1.81650Note
The price touched 1.82 zone now looks like is ready to go down. Still trade active with stop loss at 1.82100 and tp 1.805Trade active
Didn't update correctly the idea. Obviously is still running the short operation. As i wrote above SL - 1.82100 tp 1 would say a zone between 1.80 - 1.805 , entry - 1.81612 , price was going to touch the stop loss but EMA 200 in 15 minutes timeframe acted as support so the price started to go down. It would be a nice operation.Note
Still going perfectly! Take profit moved at 1.80442 , 170 pips profit with a 50 pips SL , R:R = 1:3.4 , nice operation , let's see if it will touch this level!Trade closed: target reached
TP just reached! Nice operation for this week.Trade closed: target reached
Updated wrong. 115 pips not 170 so R:R = 1:2.2 , sorry folks!
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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.