jackmyattFX
Long

AUDUSD POSSIBLE LONG to SHORT

FX:AUDUSD   Australian Dollar/U.S. Dollar
-WE HAVE HIT A MAJOR MONTHLY SUPPORT LEVEL HERE
-PROVIDING WE HOLD SUPPORT THIS COULD BE THE OUTCOME..
-THIS IS A GREAT RISK TO REWARD TRADE
-FOR A REVERSAL OR EVEN JUST A RETRACEMENT 0.618 AREA
-STOPS AS SHOWN
-THE POSSIBLE "C" AREA IS A KEY LEVEL OF RESISTANCE SO
WE EITHER BUMP OUT HEADS ON IT THEN INTO SHORT TRADE
OR BREAK THROUGH.
-IF WE HIT RES AND TURN AROUND....WE WILL BE LOOKING TO
MAKE THE ABC             AND D
-TARGET FOR THE SHORT WILL BE WEEKLY SUP 0.6720

-BEAR IN MIND IF THIS SUPPORT DOESNT INTIALLY HOLD WE ARE GOING STRAIGHT INTO SELL MODE!!!!!
Trade active: The support has been broken.....if we close below it will have to close the trade I'm afraid
Trade closed: stop reached: Unfortunately we broke the support we could see some nice downside now.....lets look for bearish setups
Trade active: stopped out but re enter on solid bullish confirmation
Technicals don't work in volatile market.
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Nice joke ...
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EXCELLENT! please post more often i really like your set ups!
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