FX:AUDUSD   Australian Dollar/U.S. Dollar
5129 39 115
8 months ago
AUDUSD             Confluence Area
0.7653 is the 0.618 Level from 0.8163 to 0.6827
It is also the 200% Ext of the Recent Impulsive Wave

Watch cloesly at this level and there might be
interesting price action.
If you see a Doji, Shooting Star or any Beraish Candle
patterns, then it's time to Short AUDUSD             again
It's best if price make a doulbe top in 1h chart
8 months ago
Trade active: Sell Order 0.7653 Filled
Sell order 0.7656 Filled
8 months ago
Comment:
snapshot

RSI Divergence
8 months ago
Comment:
snapshot

Nice Drop, 40 pips already
8 months ago
Comment: Now is 0.7600
8 months ago
Comment: now is 0.7540, +110 pips
8 months ago
Comment:
snapshot
8 months ago
Comment: Now is 0.7487, +170 pips
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forexmech
8 months ago
Thanks Jack
+1 Reply
LucaBo
8 months ago
do you have a tp on this one?
Reply
chengchengaus
8 months ago
what's the TP?
Reply
tntsunrise TOP chengchengaus
8 months ago
will update it later
Reply
christom
8 months ago
Hi Sir,
When the USD is fundamentally not strong.. Is it still a good view to short on this based on the technical pararmeters. ?
Reply
FxTyrant PRO christom
8 months ago
I wouldnt be too surprised if this trade would work out given its Friday, usually when AUDUSD risen this much without a retracement, not hard to assume a possible top formation on a friday with possible profit taking by the AUDUSD bulls.
Reply
LukaszMosinski
8 months ago
Is it double TOP right now, Sir?
Reply
tntsunrise TOP LukaszMosinski
8 months ago
potential double top. double top must break neck line
Reply
ziosam
8 months ago
Hi Jack can you update your view about this trade ? Thanks a lot
Reply
tntsunrise TOP ziosam
8 months ago
no change.
Reply
tntsunrise TOP ziosam
8 months ago
haven't touch 0.7653 yet
update wat?
+1 Reply
ziosam tntsunrise
8 months ago
Thanks sir. Only one question 0.7653 is a right SL for you or we have to set up more higher ?
Reply
ziosam ziosam
8 months ago
Now we have reached 0,7653 SL hited
Reply
tntsunrise TOP ziosam
8 months ago
0.7653 is my entry level NOT sl LEVEL
Reply
uzair18
8 months ago
Sir I have shorted AUDUSD from 0.75500 and holding my trade as per your anaylsis what you recommend me now please ? should I Hold my trade or hedge it ?
Reply
thebaface
8 months ago
0.7653 entry reached, what of tp?
Reply
tntsunrise TOP thebaface
8 months ago
0.7440
Reply
waterman
8 months ago
Very nice set up ! Being Friday and w/e this will work . Congtrats! and Thanks !!
Reply
tntsunrise TOP waterman
8 months ago
Welcome
Reply
queenrossana
8 months ago
I am still learning ;) your chart help a lot. Thanks for sharing :D
Reply
queenrossana queenrossana
8 months ago
sir,, I want to ask how do I determine TP point,, what level fibo usually?
is there any relation retraction lvl fibo and TP level ? #confuse...
Reply
tntsunrise TOP queenrossana
8 months ago
TP point you can always use structure
Reply
KINGRI tntsunrise
8 months ago
I MISSED SIR CAN I ENTER NOW FROM 0.7645
Reply
tntsunrise TOP KINGRI
8 months ago
YES U CAN
Reply
Hi Jack. Here is what I see:
snapshot

snapshot
Reply
uzair18 bulent_akgul
8 months ago
Sir Should we keep selling on AUDUSD till 0.7400 ? what you suggest
Reply
bulent_akgul PRO uzair18
8 months ago
I still keep my short positions but I am so afraid. If your loss isn't much, I suggest you close your positions during the retracement. If my count correct, it will drop to 0.740 - 0.741 (purple line). I can not close meins because my loss is big. My strategy is to take some long positions during retracement and close that positions end of wave-5. Btw, Wave-5 can go much further than I draw. This makes very dangerous to keep short positions. But some time in the future it should retrace much deeper even up move is a new trend.
Reply
uzair18 bulent_akgul
8 months ago
Thank you so so much for considering me .... actually i have short positions at 0.75500 and i think i should hold till breakeven my loss is big due to big lot size so how much you are sure that it will cum back till 0.75500?
Reply
bulent_akgul PRO uzair18
8 months ago
It is very hard to say something how much I am sure. It is not a good way to speak about price actions, basiclly, who knows. I can only say that I hope it will go down to 0,74.
Reply
tntsunrise TOP uzair18
8 months ago
hold your short position.
Reply
tntsunrise TOP bulent_akgul
8 months ago
Nice Chart
Reply
fxrandal
8 months ago
Hi, Do you move your SL as the trade progresses in your favor? Thank you!
Reply
tntsunrise TOP fxrandal
8 months ago
you can alwasy make a protective stop loss.
Reply
mustafawahba
8 months ago
What's your update for this trade ?
Reply
tntsunrise TOP mustafawahba
8 months ago
no update means keep your short position
Reply
hongkongforex
8 months ago
Sir, I am new in trading FX, have a question want to ask, assumed AUD is really rejected by 0.618 level now, how can I determine the target will reach? should I draw another fibo for this rebound and calculate 0.618 level for the target? thanks!
Reply
tntsunrise TOP hongkongforex
8 months ago
yes. u can apply another fibo to determine your target
Reply
kerberus
8 months ago
Hi Jack can you update your view on this pair ? is there same changing in short strategy ? thanks
Reply
tntsunrise TOP kerberus
8 months ago
no change. hold your short position
Reply
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