FullTimeTrader
Long

AUDUSD-nice corrective channel at 0.61 fib

FX:AUDUSD   Australian Dollar/U.S. Dollar
2518 17 34
a year ago
My long term bias is still long on this pair. My last attempt to long failed, i see now because the structure was not complete yet (we are all learning here).
The structure seems to be finished now, we have a nice corrective channel at the 0.61 fib retracement.
From the EW perspective i think this is a series of 1-2s.
Be carefull, today we have strong FOMC news, it depends on you to trade this setup before or after the news.
Best regards.

*****************DISCLAMER********************************************************************
Always do your own analysis before opening a trade.
Any respectful and constructive ideas are welcome (agree or disagree).
Follow me on Twitter for updates: @fxtrader2000
a year ago
Comment: Still alive!! although i will need to wait some days to see if this works. I will just stay aside and follow my plan. Regards.
Man we're in sync today:

snapshot
+1 Reply
FullTimeTrader IvanLabrie
a year ago
Great! i should have listened to you when you observed the structure was not complete. Well, we learn from mistakes also.
Reply
IvanLabrie PRO FullTimeTrader
a year ago
Yeah, it needed more time.
No problemo though.
Now it might rip!
Reply
tntsunrise TOP IvanLabrie
a year ago
HAHA really like your ideas for both of you! Coudn't agree more
+3 Reply
Koryphaeen PRO IvanLabrie
a year ago
Nice, both of you! I took short on USDCHF and I entered long on this one, so I/we need bad FOMC news for the USD... Anyway, I will hold on to these trades managing my SL manually and trailing my stops in case it will move in our favor. Good luck to both of you!
Reply
FullTimeTrader Koryphaeen
a year ago
Yes, trading is newer easy and there is always a risk involved. Most important is keep risk under control. Good luck!!
+1 Reply
Koryphaeen PRO FullTimeTrader
a year ago
XAUUSD technical is also confirming a USD weakness, I must say that I traded these kind of pennants and flags very successfully in the last period on gold. But my exposure would be a bit crazy with that USDCHF that I have open since yesterday and the AUDUSD which I took in the morning. But just a simple idea:
snapshot
Reply
Koryphaeen PRO Koryphaeen
a year ago
measured target would complete exactly at a major structure level (major means in this case string structure on the H4 chart)
Reply
FullTimeTrader Koryphaeen
a year ago
Nice setup!! i would also long XAUUSD but the exposure is too much, all markets are correlated. Regards.
+1 Reply
On this one too, go ab=cd and also potential pattern. Good Luck
Reply
IvanLabrie PRO KevinSinghDhaliwal
a year ago
Got a chart?
Reply
KevinSinghDhaliwal IvanLabrie
a year ago
not the best pattern on 4 hr but so far this is the one i have and ab=cd is on 4 hr
snapshot
+1 Reply
aeu.webmaster
a year ago
thanks, I am in too
Reply
yasserov
a year ago
Nice analysis Fulltimetrader . i been following your charts
Reply
agree! I have taken profit with my short position
+1 Reply
Hie fulltimetrader, would like to know your expert views on the entry
Bullish bias audusd

Regards
Reply
FullTimeTrader Fxtoronto
a year ago
Hello, i agree with your setup, well done. As traders we must decide to trade this before or after the news because sometimes the reaction to the news could be unexpected. Regards.
+1 Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener 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 Billing Sign Out