MarlyForex
Long

AUDUSD - LONG ORDER STILL VALID

FX:AUDUSD   Australian Dollar/U.S. Dollar
1221 7 44
Display: FX:AUDUSD            

Description: As shown above we have FX:AUDUSD             . Price is currently Bearish , I Posted this pair last night
expecting a possible 50/61.8 retracement we can a significant Hammer creating a Triple Bottom just above Weekly Support.
the order is still valid however if price closes below 0.786/Weekly Support i would re analyse.

Duration: Long Term

Decision: I will go Long on this pair on the retracement or the break & close above Daily Resistance Targets Outlined.

Trade Setup:
Entry: 0.75600
TP 1: 0.77220
TP 2: 0.78400
SL: 0.74800 - 0.74600

Thank you for viewing my idea. If you decide to take this trade,please leave a comment and a thumbs up. I will be happy to stay in touch to see how the setup is planning out.
Your also welcome to post you analysis below.

Remember to always trade your stratergy... Happy Trading

Useful Information:

TREND: Bullish

INDICATORS: N/A

ATTACHED CHART : YES
Comment: Long Very soon await confirmation
Trade closed: target reached: TP 1 Hit Still long for TP 2 depending on next weeks open
Comment:
AUDUSD - STILL LONG
Posted yesterday Still long with plan
Trade closed: target reached: 20 PIPS OFF TP 2
Congratulations! Your chart has been selected to be highlighted as the post of the day! This is a great example of utilizing support & resistance for a retracement trade.
+1 Reply
MarlyForex PRO walker.england
Thank you very much :)
Reply
great analysis
Reply
MarlyForex PRO aiadeadman
Thank you Mate
Reply
AUDUSD -- UPDATE --  LONG ORDER
AUDUSD PREVIOUS POST
Reply
spot on!
Reply
Thank you pal
Reply
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