+ -【5/13 AUDUSD Australian Dollar】（111）

5/13 AUDUSD Australian dollar

From entry to settlement

Saved articles from the past?

How to interpret displayed moving averages and chart annotations

https://www.gogojungle.co.jp/finance/navi/articles/63093

First, what to do when you open the morning chart【1】

https://www.gogojungle.co.jp/finance/navi/articles/68591

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What is the environmental recognition?

On the 4-hour chart, after breaking above the light blue line, a pullback and subsequent rise are in progress

If the price stops falling at this light blue line, consider another pullback-buy (to trap short-sellers' stop losses); since it has already risen, be careful not to chase deeply

On the 1-hour chart, rebounded at the light blue line and the low is rising

This is the area where it meets the 4-hour moving average from higher timeframes; whether it will be supported again is the timing

On the daily chart, the area drawn with a white belt has repeatedly resisted; a strong resistance

However, if the 1-hour chart shows a halt in the decline and the low rises, there may be another rise to test this resistance,

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Entry screen?

May 13 (Mon) around 17:00, AUDUSD long entry

In the pullback-buy area, from a halt in the decline and a rising low with a new high, enter

Since the 1-hour chart’s moving average (yellow) was above, enter on a bullish breakout with a retrace

Stop-loss line is below the rising swing low

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After entering, as the upward momentum strengthens and moves, take half profit at market

Raise the remaining stop-loss line to just below the intraday minor swing low after entry

On the 1-hour chart, reached near the latest high resistance/support level

Since it is close to daily and weekly resistance, do not be greedy with half; secure the profit

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The next morning, after halving, it could not decisively break through and pulled back; at the support/resistance point it stopped the decline, and the stop-loss was moved to break-even

Almost at entry price; with the half-profit added, profit is secured

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Later, a new order was placed as the price updated its low and the order was executed to settle.

In the pullback battle, the price formed lower highs and higher highs and then settled

Around this area, near the light blue line, there is prior support/resistance before entry, so a further pullback may occur; for now, I’ve settled, and if conditions allow, I will rethink and re-enter

Yellow circle marks the entry and settlement points.

That is all for now.