So now the trendlines becomes strong resistance. One would have been stopped on anticipation of any cable breakout though...
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DislikedHi emacro,
I think AUD/USD is looking interesting right now on 1H chart. I like breakouts, but I like them more when they are in accordance with the direction of bigger trend. I have personally set a buy triggger above the 1H swing high with a stop loss below the 1H swing low.
Cheers,
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DislikedHi
Thanks for the input, always good to hear from other trendliners.
Do you use higher TF to determine trend eg 4hr or daily?Ignored