TL breakout + retest - page 17

 

audusd

If it's not the weekend, this is a trade that need serious monitoring.

More patient is needed to see for the retest of the breakout i.e HL formed with pin bar is more preferable for me.

But nobody can say what market will open with after the weekend. It can even jump to any side.

Thanks

"IF YOU GIVE A MAN A FISH - HE WILL HAVE A SINGLE MEAL. IF YOU TEACH HIM HOW TO FISH - HE WILL EAT ALL HIS LIFE"

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finally 2 retest

finally 2 retest, 1st one not very accurate

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today EU4H

here we have trendline then channel then resistance breakout on EU

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Good

uvmember:
here we have trendline then channel then resistance breakout on EU

Hi,

Hope you enjoy today's breakout. Happy pips

"IF YOU GIVE A MAN A FISH - HE WILL HAVE A SINGLE MEAL. IF YOU TEACH HIM HOW TO FISH - HE WILL EAT ALL HIS LIFE"

 

The only pain I very sad this week due to vacation.

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uvmember:
finally 2 retest, 1st one not very accurate

Welcome to our new member here.

Between, can you post the indicator tat showing yesterday high, low, pivot?

It looks interesting for me.

Thanks in advance.

 

I deeply admire your focus

Please keep teaching!!!

 

Hi Mph,

If i have time i will post some chart here. A very good thread. Keep it up!

 

A convincing trade as well

1st Low is made, then retrace 50% then we make a 2nd low which make a double btm.

Now price break the double btm.

Is a nice opportunity to short with tight SL.

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Today on list

EDIT: CAUTION

AUDCHF not a good trade after all based on few reason:

i) Zoom out the chart and you can drew one TL and you will find price is approaching the TL, which means the TL is still holding and showing no much room to down

ii) Not a convincing bear flag when zoom out the chart, bcoz the market moving in a ranging area btwn 8132 and 7180 all the way.

Maybe it can turns out bcome a profitable trade, But I have rules to follow, discipline come first, so I skip it out.

No point risking money for an uncertainty, always hunt for AAA trades.

Wish you guys tons of pips.

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