FX:AUDUSD   Australian Dollar/U.S. Dollar
82 2 0
Market is right between multiple setups.

The larger daily short I have mentioned (
Setting up for a big down move.
) has traded but has yet to break the 4th test of a long setup that has traded successfully three other times (
Third Buy Entry from fib

Until this long setup breaks longs are still in play. I took a short setup last night and have exited half my position for 30 pips. I am leaving the other half to see if this short defends and can break the long setup like I am anticipating. My stop is above 8962 roughly 14 pips above my entry so I will only lose half my gains and will have plenty of ammunition to trade the long continuation or next short setup that trades.

If this long breaks I will be looking to add to my short position on pullbacks for the ride down to the 8500 handle.
News blasted us through the small short that I hoped would hold. Will see how price develops and if this bullish enthusiasm wears off. No new highs so far.
Took a long at 8998

Targeting 8922
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out