Technician
Long

AUDUSD Approaching a Hot Zone! Update

FX:AUDUSD   Australian Dollar/U.S. Dollar
1595 19 19
Profit(pips)=+145+148=+293
Update: Closed second half at 0.9373= +148
Update: Hit first target
Update: Reached more than 90 percent of first target and therefore moved stop loss to break-even.

In my previous idea, I was waiting for a retest of the hot support zone i mentioned among 0.9200-0.9250 to go long,(please check the link below). Indeed, price provided this dip lower following the NFP release, i was able to long the pair at 0.9225, targeting 0.9370 and 0.9450 resistance levels, with a stop just below the confluence of support levels at 0.9125. Luckily, price rebounded before the end of session, forming a major pin bar at that support area , making me more optimistic that it would hold.

Good Luck, Join me @
https://twitter.com/thefxchannel

----------------------------------------------------------------------
Previous Analysis:

Tracing price action since March 25 bullish breakout:

-Bullish rally extended on Inverted head and shoulders breakout.
-Price hit 0.9280 resistance level , showing pin bars at resistance
- pullback was shallow towards 0.9200
-The price broke above 0.9280 confirmed 0.9337 and 09445 upside targets.
- Price was rejected at 0.9445 resistance, hit my downside target at 0.9300 and below.
- Note that the Full target of the IHS             pattern is near the 0.786 retracement at 0.95
My trading ideas channel https://telegram.me/technician_forex_trades

Get your gift : https://thefxchannel.com

Skype: Technician - The forex channel
AUDUSD has formed a doji at a key level of support 0.9260.
Reply
Update: Closed second half at 0.9373= +148
Reply
Technician TOP Technician
Profit(pips)=+145+148=+293
Reply
JorgeEllena Technician
Good Job, keep sharing please!
Reply
Technician TOP JorgeEllena
Thanks, you can follow me on twitter for updates https://twitter.com/thefxchannel
Reply
Profit(pips)=+145, second half still running for potential +225.
Reply
Update: Hit first target
+1 Reply
Update: Reached more than 90 percent of first target and therefore moved stop loss to break-even.
Reply
fximperija Technician
Great play, mate :)
+1 Reply
Technician TOP fximperija
Thanks man, missed first target by 3 pips! however still in play.
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder 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
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out