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| AUD/USD hourly |
#1 Trade
Price move in a channel, a bullish divergent bar near support, it keeps making lower high, but the overall trend looking at the 4 hour chart is still bearish.
Enter buy at 1.0470 (one tick above bdb high) with stop loss at 1.0449 (-21 pips risk) and my target would be near the resistance.
But price moves not according to my plan, i got stopped out, - 21 pips
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| AUD/USD Hourly |
#2 Trade
Then i stop and reverse, sell at 1.0499, but again i got stopped out at 1.0647, -18 pips
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| AUD/USD Hourly |
Hmm.. 4 hour alligator was still sleeping back then, choopy market on the hourly, when it finally takes off, i missed it..
Review for next week
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| AUD/USD 4hour |
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| AUD/USD Hourly |
Price at its fibo 61.8 resistance, and a bearish divergent bar at the hourly chart, AO still looking strong,
I'm thinking of entering buy when it breaks BDB high, but AO still high, and the stop loss will be around 50-60 pips, too far for me.. Let see on monday, i'm hoping there's a saddle point first or wait for another fractal..
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