glennmercer
Short

AUDUSD Short: Drop The Bass!

FX:AUDUSD   Australian Dollar/U.S. Dollar
2 months ago
Hey traders! A crab is complete on the 1H in addition to (possibly) the corrective wave structure. The bearish impulse suggests a potential turning point, so any price action above the beginning of the drop will invalidate the trade; hence Sl is placed at this level. ALSO, this reversal is occuring in a special zone, the wave-(ii) s/r zone, which adds to the probability of reversal here. Happy trading!
2 months ago
Trade active: This one's live ladies and germs

snapshot
2 months ago
Trade closed: stop reached: Deeper correction on the USD. Keep the losses small! Further analysis to come
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DivineMoloto
2 months ago
Exactly what i was thinking, especially with all the structure to the left!!!
+1 Reply
glennmercer PRO DivineMoloto
2 months ago
Sometimes the toughest part about this type of confluence is not getting TOO attached to the trade and being ready to pull the ripcord if things go south
+1 Reply
MaxiMilian
2 months ago
Ok nice i am in with short :)
Reply
TTCSteve
2 months ago
structure to the left looks more like 80-82 to me...I have it as starting wave iii of C of IV with 77.06 the monthly channel the testing area to be broken to confirm the count. 75.50 support
Reply
glennmercer PRO TTCSteve
2 months ago
Thanks Steven, do you have a chart?
Reply
lipikacrude glennmercer
2 months ago
sir please update on USOIL BECAUSE I AM LEARNING FROM YOU SIR
Reply
happyluckydog
2 months ago
please start to short. aud falling begin!
Reply
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