AUD/USD LONG - Daily Close/Triangle/HH HL

23 Şub 2017

Took a long position on this pair, a bit choppy on the 4HR timeframe, but still the last 8 hours it attempted to breakout of the triangle it's in, then 4 hours later it was strongly rejected with a bullish candle and now should be heading to make the HH, where I've placed my TP. It has also peeked above resistance labeled with the blue rectangle, has retested and now should be heading higher.

TP @ 0.77649
SL @ 0.7658
R/R @ 2.15

25 Şub 2017

Not

Manually Exited Trade at a 1% loss because on the H1 chart the price broke out of the trend line to the downside and created long wicks showing bears had strength pushing down, bound to go down. Should have kept stop a bit smaller and TP at the swing high ad it may not have gone past that as it's a very strong resistance point. Would have taken profit then with an R/R of roughly 1.75.