AUDUSD - D - LONG - TDI

Mixed signal here on AUDUSD.
On daily we have good setup with RSI and TDI on track. If price break up PAC it should be a good trade.
However on 4H it's overbought and the rally could be over in the short term. On weekly we are under RSI50 and still consolidating, but I believe it's worth taking a shot.
However monthly is not looking good.
So if this trade get up, I suggest to use trailing stop.

Bình luận:

Clopine 25% now at 0.755 and SL@BE.

Bình luận:

We had a pin bar today (on daily) that could indicate an upcoming reversal tomorrow. If we don't make new high tomorrow I will manually close this trade.

Bình luận:

Ok good, closing 50%@0.762. Don't touch SL nor Last TP.

Bình luận:

I have looked closely at this pair to see if the topping pattern seen on daily should indicate me to close this trade.

Monthly is consolidating so I don't expect any fancy move in the short term.
Weekly is very bullish, so what should we expect?

We are keeping 25% of our initial position so it's no big deal. Let's hold this a couple days more to see what's going on. I suggest to put SL below bottom daily PAC so around 0.753.

Bình luận:

Putting SL@0.756. I think the bull run has ended and we'll see some pullback now. At least on daily and 4H.

Giao dịch được đóng thủ công:

SL hit@0.756.
Will monitor this pair again to see if it's a reversal or a small pullback.