Retracement Finder Forex Scalping Strategy Forex MT4 ...

AUDUSD ready to break out?! WHO THE HELL KNOWS! (pictures)

Masud says yes. It's been a while since i posted an actual trade on Reddit, so here you go. Not the best or ideal trade for me though. Sort of the reason why i'm posting it.
D1 chart: http://prntscr.com/3y8hhi
H4 chart: http://prntscr.com/3y8h8s

Reasons:

1)SUPDEM zones being tested for second time with only a MINOR retrace bouncing off another Supdem zone.
2) Fundamental Analysis points toward a bullish trend for AUDUSD. (See forex factory calendar and bloomberg).
3) Trading a break out...not my favorite. It's hard to get an Engulfing candlestick in this shit volatility.
4) Flipped my trusty coin and it said bullish.
5) H4 chart shows Lower time frame supdem zones. Notice that i put my SL below the previous supdem zone WITH breathing room. Remember to move SL up at 50% or 75% to TP. (I normally move SL to breakeven at 75%).
6) Expected time to finish? Seeing how great this volatility is? Probably when we have flying cars.
7) Questions? Ask. High chance of troll reply.

EDIT:

TP hit. It's retracing as expected back to the supdem zone it broke. I will reenter long in that zone if it forms an engulfing candlestick on the H1 or H4 timeframe. Note that there was a catalyst that made AUD drop right from the .9500 zone. One being a psychological level, and another being an economic release (which isn't that big of a deal).
submitted by masudhossain to Forex [link] [comments]

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