Renforex
Short

(1D) AUDUSD Big Short

FX:AUDUSD   Australian Dollar/U.S. Dollar
3 days ago
As you can see from the related idea, a lot of money was made within the previous structure and upon the exit of structure. Textbook moves, very easy to read. (I may have typo'd in the title of related idea lol)

Here we have another very simple move. I don't need to explain much so the simple rules of this trade are as follows if you have not already entered:

- Break of blue line invalidates the idea
- Break of the white line is your conservative entry
- Red arrow shows general direction, not exact time and price
- Hold on to profit, not hope


Sorry for being gone for a while. I was on a cruise.
3 days ago
Comment:
snapshot

2H candle closing under green zone (turns red zone) will be a good signal for bears.
3 days ago
Comment:
snapshot
2 days ago
Comment:
snapshot
2 days ago
Comment: For above chart, set stops above 0.7435 (above 50% mark)
If reaches this point, it's just another opportunity to add shorts
2 days ago
Comment: More entries. See related ideas.
snapshot
calebcruz
2 days ago
On your last update, I had the same conclusion. Probably gunna enter another short as it moves down, what are you going to use as confirmation that the retracement is over?
Reply
Renforex calebcruz
2 days ago
@calebcruz, I didn't wait for confirmation. My order was hit just after I posted the update. I have stops above the 50% mark and more orders at that position just in case the retracement continues... I don't like waiting for confirmation haha
+1 Reply
calebcruz Renforex
2 days ago
@Renforex, haha dang. See the reason I asked is because after making profits on the first big jump I got cocky and entered another short right before the retracement. So now I'm down about 30 pips and I'm just trying to see if I should enter another short here or wait for some further confirmation lmao
Reply
Renforex calebcruz
2 days ago
@calebcruz, As long as your stops are high enough I don't see why you can't add here. But I guess as long as you hold your position you will see profits increase again today :) Good luck!
+1 Reply
calebcruz Renforex
2 days ago
@Renforex, Thanks mate, same to you! Let's make some moneyyyyy!
Reply
calebcruz
2 days ago
MA's are confirming on the 5min lol
Reply
calebcruz
2 days ago
Here we go man!
Reply
Renforex calebcruz
2 days ago
@calebcruz, Enjoy the pips brother
+1 Reply
calebcruz Renforex
2 days ago
@Renforex, you do the same! I think it's about to drop big time now.
Reply
mrhimsly
a day ago
It is retrace to fibo 6.81%. Is there any change to break that fibo level @Renforex
Reply
Renforex mrhimsly
a day ago
@mrhimsly, there is always a chance it could go the full way to 100, but I guess it isnt too likely. I'll wait and see what Monday brings us
Reply
mrhimsly Renforex
a day ago
@Renforex, If Monday is corrective again. Do you think the chance is more higher?
Reply
Renforex mrhimsly
a day ago
@mrhimsly, If it does then I'll lose the pips I made on the pair this week haha so let's hope not. I am thinking this is as far as it will go though... Aud is always tricky in December and January
Reply
mrhimsly
a day ago
Very quick respond. I think I will like it and keep watching your idea.
Reply
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