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Bearscarf
Apr 6, 2020 7:55 PM

AUDUSD LONG new thoery  Long

Australian Dollar/U.S. DollarFXCM

Description

not looking fro specifics in price targets as of yet as im testing a new theory, just a general area labelled "box1" and "box2"
this theory captures the previous ares of wicks and uses those as support and resistance , one established the area is looking to find a 3rd touch on the trend line , (first arrow pointing towards it) to then shoot up for a long

Comment

i had miss calculated how many times the price had hit the trend line, the 3rd was already touched, but still worked out to what i initially predicted so in all it was a successful trade idea
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