AUDUSD - March 2016 - Bears

FX:AUDUSD   Australian Dollar / U.S. Dollar
560 6 17
Greetings Fellow Traders,

Candlestick that is rarely seen - we are going to be heavily bearish for the first and likely 2nd week of March on the AUDUSD             pair - the uncertainty of direction is not an issue anymore.

I will not require any confirmation on this set up - Sell any early week rally on AUDUSD             - or wait for confirmation if you choose with the same support line that has been in play for the last few weeks.

I'm still in on this trade; we've just hit the 200sma; the first time in about 1 yr on the daily candle; hoping it will bearish bounce from around here; any ideas?
+1 Reply
Rocketman marcus123
This guy has fancy words and bad risk management. Don't listen to him. He took my account and almost blow it up. He was OVER-Leveraged, didn't know when to call it quits!

I tried to contact him on Skype, but he refuses to answer ANYTHING. For me, this risk was small. I trade in a conservative way, and thought that since I was going overseas and since he seemed to be knowledgeable or traded the same way as I did, but with a small twist it would be ok. BOY WAS I EVER WRONG! This man had no stops whatsoever, he doesn't even understand the fundamentals of the Forex market. He is JUST a young novice that uses a DEMO account and promote himself to manage your account. YOU HAVE BEEN WARNED! Take my terrible experience as an example.
Synapse marcus123
Hi Marcus123, Apologize for the late reply - I have limited internet connectivity for issues that occurred in real life. AUDUSD never confirmed the Daily Bearish break even with the preceding Weekly Candle. A shame really. If you're still in a sell position at the end of week - I'd be looking to close between .7250 and .7380. The first is the high from last week and the second is the highs from several months ago before dropping lower. AUDUSD and NZDUSD have bullish set ups if we can show a proper retest of the levels that were broken.
marcus123 Synapse
cheers synapse..I managed to close nice and early and went long and am still in the up move...
thumbs up man
+1 Reply
Agree mate. Weekly and daily closed with bearish candles.
+1 Reply
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