AUDUSD Long Intraday Move Within Major Swing
TRADE TYPE: SCALP
If you check out our previous
AUDUSD
long idea above where we go over the overall market direction and potential upside targets, you will see that this is clearly a shot of that same analysis but on the hourly chart rather than the daily. Within this upward swing we can see this potential intraday long setup forming. You can see that the price action has formed a very nice wedge pattern and has since then broke out to the upside. Since breaking out, price action has retraced a bit and seems to be making a moe to the outside apex of the two trend lines that made up the wedge. We will be looking to get long here at around .74550 if the opportunity presents itself and ride it up to at least the previous top around .75250. The final target for this trade would be somewhere just below the .76000 even figure at around .75800.
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If you want to join our trading team check out www.Unique4xPro.com
Also follow us on all of our social media:
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Tune in to our daily live market reviews @ 4:30 PM EST on Periscope @ Unique4xPro
If you check out our previous
AUDUSD
long idea above where we go over the overall market direction and potential upside targets, you will see that this is clearly a shot of that same analysis but on the hourly chart rather than the daily. Within this upward swing we can see this potential intraday long setup forming. You can see that the price action has formed a very nice wedge pattern and has since then broke out to the upside. Since breaking out, price action has retraced a bit and seems to be making a moe to the outside apex of the two trend lines that made up the wedge. We will be looking to get long here at around .74550 if the opportunity presents itself and ride it up to at least the previous top around .75250. The final target for this trade would be somewhere just below the .76000 even figure at around .75800. Here at Unique4xPro we pride ourselves in being the World's first "Virtual Forex Trading Floor" where we will turn ANYONE that trades with us into a profitable for FREE! That's right... for FREE! All you need to do is to fund your own trading account.
If you want to join our trading team check out www.Unique4xPro.com
Also follow us on all of our social media:
Twitter @ Unique4xPro
Snapchat @ Unique4xPro
Instagram @ Unique4xPro
Tune in to our daily live market reviews @ 4:30 PM EST on Periscope @ Unique4xPro
Order cancelled:
Canceling order until after China news settles... will monitor price action
Comment:
Following China data release the buy order has been placed again
Comment:
We got entered @ .74550... hope you all did as well... up about 25 pips. WE ARE SETTING STOP LoSS TO .74500 under the low there.
Trade closed manually:
Closing trade at about break-even now that the market appears to have decided its direction... Looks like it wants to move lower
