metalhe4der
Short

Is this a textbook short or what?! $AUDUSD

FX:AUDUSD   Australian Dollar/U.S. Dollar
275 9 2
The Aussie is declining from a point of resistance that is too good to be true: 200ma collision, major resistance at around 0.97 and 50% Fib. retracement.

Getting a boost from the rising USD today, it seems like a possibility that the bearish Australian Dollar             trend may continue onwards. I'm going to keep an arbitrary and obvious target of 0.900 on here

As always, know your risk parameters well, and take the trade on your terms (don't chase anything).
Sorry, didin saw comments, before posted my...:P
Good trade wit in the trand, looking for long?
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Long? Every time frame screams short ;)
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metalhe4der metalhe4der
(of course, that's an exaggeration, but I'm bearish)
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hope You shoted it:)
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I believe I did, can't remember, was 2 months ago! :)
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Update: Closed for profit at S1: 0.93 area. Will be watching for a next leg down.
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Right, just keep in mind there's an 'obvious' support at around 0.93, just above the low of Sep 29th. Until then, with some minor corrections, it looks like you're right on track. :-)
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Right, just keep in mind there's an 'obvious' support at around 0.93, just above the low of Sep 29th. Until then, with some minor corrections, it looks like you're right on track. :-)
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metalhe4der ForceFollower
Yes, you are correct, it could definitely pause at 0.93 area. I suppose that would be the first support/target area, but being in with a small position myself (1 microlot), I won't be able to take some off and leave the rest on. But thanks for the reminder :)
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