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.
MeasuredMove
2 years ago
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.
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MeasuredMove
2 years ago
Took a long at 8998
snapshot

Targeting 8922
Reply
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