AUDUSD > 10/8-13/17 Trade Analysis
Timeframe: 1W
Pair broke below support @ 0.7807 with MACD showing bearish divergence, expecting further decline toward 0.7727
A firm break and hold below 0.7727 would signal good possibility of further decline toward 0.7633 level.
Expecting bearish trend to continue with price needing to remain below 0.7820 for continual confirmation.
A firm break and hold above 0.7820 would indicate bearish trend is weakening. Firm break and hold above 0.7874 would serve as indication that bearish trend is complete and a reversal would come back in play.
* Personal analysis only. Please use your own rules and strategies prior to entering market.
** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.
Timeframe: 1W
Pair broke below support @ 0.7807 with MACD showing bearish divergence, expecting further decline toward 0.7727
A firm break and hold below 0.7727 would signal good possibility of further decline toward 0.7633 level.
Expecting bearish trend to continue with price needing to remain below 0.7820 for continual confirmation.
A firm break and hold above 0.7820 would indicate bearish trend is weakening. Firm break and hold above 0.7874 would serve as indication that bearish trend is complete and a reversal would come back in play.
* Personal analysis only. Please use your own rules and strategies prior to entering market.
** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.
Trade active
Comment:
Consolidating. Expecting rise up to 0.7820 level +
Setup decline anticipated
Setup decline anticipated
Comment:
T/P changed to 0.75382
Comment:
SELL Stop Entry placed
Entry @ 0.78186
T/P @ 0.77056
Target: 113 pips
1 Sell active
1 Sell pending
Entry @ 0.78186
T/P @ 0.77056
Target: 113 pips
1 Sell active
1 Sell pending
Comment:
T/P @ 0.77056 on both Sells
Comment:
Sell Stop Entry order cancelled
Comment:
SELL Stop Entry placed @ 0.77654
T/P @ 0.77056
T/P @ 0.77056
Comment:
Sell Entry cancelled. I will re-enter this 2nd Sell after pullback is complete so as not to get in a "chase" mode!
Comment:
Watching next main resistance @ 0.7835. If firm break/hold above this level, will wait till later in week to monitor trend analysis.
If price stays below 0.7830 at AUD market close, 2nd SELL entry likely.
If price stays below 0.7830 at AUD market close, 2nd SELL entry likely.
Comment:
Longterm T/P @ 0.76283
Trade closed manually:
Trade closed
TP @ 0.76546
Total P/L = +105.2 PIPS
TP @ 0.76546
Total P/L = +105.2 PIPS
Entry @ 0.77598
T/P @ 0.76652
S/L @ 0.78544
Target = 94.6 pips