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.
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
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Long Very soon await confirmation
Trade closed: target reached
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TP 1 Hit Still long for TP 2 depending on next weeks open
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Posted yesterday Still long with plan
Trade closed: target reached
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20 PIPS OFF TP 2
Comments
walker.england
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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.