Alexander_Nikitin

AUDUSD TYING TO BOOK SOME CORRECTION BEFORE DOWN TREND RESUMES

FX:AUDUSD   Australian Dollar / U.S. Dollar
Hey, traders. Wonderful oppotrunity here. With a new structure high and a retest of highs priceaction made an up-trend which definition is "a series of two or more impulses in one direction separated by correction". The retest of highs is an impulse because it tests the last impulse's initial point thus forming a double top . This up-trend was invalidated by a NSL which is the sign of reversal. SIgn of reversal is the last impulse's intial point violation. We see priceactions breaks through the most resent HL installing a NSL. With that being said I took a bat pattern to enter long. I don't expect to see another impulse to the upside only a correction of 0,618. A this point I'm going to sell one unit to close my long position and then immediately sell another unit to initiate short position with a 2618 patternin anticipation of down-trend to resume. this technique is known as stop-and-reverse technique. Look at the related ideas links to see how this kind of setups work. press like if you find the information useful and subscribe to get my ideas beforehand. Good luck.
Great call!
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good trade ,thank you . i will wait your new idea
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thank you for sharing, like your trade, just hit tg
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you are welcome. look at my other recent ideas. some of them are still valid. some of them already played. just press some likes to support me if you find the information usefull))
+2 Reply
DenizBartu Alexander_Nikitin
You sure deserve a "like" buddy. Nice work
+1 Reply
thanks, mate.
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Long play turned exactly I expected. Sold a unit to close it and another unit to initiate short position open. good luck
+1 Reply
ok
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