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- Far East Man Joined Apr 2009 | 50 Posts | Status: Member
Hi 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,
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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- Far East Man Joined Apr 2009 | 50 Posts | Status: Member
Hi emacro,
Look at Cable. On the 4H chart below, it has broken the trendline upward. Some people may be a bit long-biased right now.
Also, look at the 1H chart. It has made an interesting hook and the lower tip of the hook touches the high of the previous swing move. So the upward breakout may make an interesting move.
Look at Cable. On the 4H chart below, it has broken the trendline upward. Some people may be a bit long-biased right now.
Attached Image (click to enlarge)
Also, look at the 1H chart. It has made an interesting hook and the lower tip of the hook touches the high of the previous swing move. So the upward breakout may make an interesting move.
Attached Image
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