glennmercer
Short

AUDUSD Short: Drop The Bass!

FX:AUDUSD   Australian Dollar/U.S. Dollar
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!
Trade active: This one's live ladies and germs

snapshot
Trade closed: stop reached: Deeper correction on the USD. Keep the losses small! Further analysis to come
Exactly what i was thinking, especially with all the structure to the left!!!
+1 Reply
glennmercer PRO DivineMoloto
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
Ok nice i am in with short :)
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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
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Thanks Steven, do you have a chart?
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lipikacrude glennmercer
sir please update on USOIL BECAUSE I AM LEARNING FROM YOU SIR
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please start to short. aud falling begin!
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