FX:AUDUSD   Australian Dollar/U.S. Dollar
1942 7 45
AUSSIE SHORT
-3RD BOUNCE OFF TRENDLINE
-BUMPED ITS HEAD ON MAJOR WEEKLY
KEY LEVEL 0.7260
-MAKING LOWER HIGHS AND LOWER LOWS
-FIB 0.618 HELD
-A,B,C AND D
-MA CROSSING OVER 4H TO THE DOWNSIDE
-TARGET 1: 0.71120
Trade active: Staying patient with this one...Slowly but surely getting there :)
Trade active: First target hit and slight retrace expected and then down to chinatown
snapshot


Also have a look at the weekly chart....daily break and close below this trendline means SHORT SHORT SHORT :)
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snapshot


This could be a good place to add to shorts..... Major key level of support broken and now resistance....Big down move possibly......
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is target 2 still possible?
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jackmyattFX hannabanana
Its going to retrace first...so took majority of profit at target 1...I would wait for better entry for another short.....but it could still fall to that yes
Reply
Just saw this. I agree
+1 Reply
nice trade
+1 Reply
Excellent!
+1 Reply
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