tntsunrise
Short

AUDUSD rejection at 113% level

FX:AUDUSD   Australian Dollar/U.S. Dollar
6766 51 131
8 months ago
AUDUSD             rejection at 113% level

I decide to enter a short position at 0.7706
as this is the 113% extension level which often
detects a fake break out.

the RSI already shows Divergence
the price action shows nice rejection at his level
a long tail candle touchs and falls quickly
SL is very tiny: 0.7716
Target is very big 0.7477 and 0.7150
8 months ago
Comment: So far So good, 50 pips +
8 months ago
Comment: A SPIKE HIT THE SL
so exit trade first
8 months ago
Comment: tmr is NFP. lets wait the NFP comes then decide whether to re enter the trade or not
8 months ago
Comment:
snapshot
8 months ago
Trade active: FILLED AT 0.7645
8 months ago
Comment:
snapshot
8 months ago
Comment: We short at 0.7645, now is 0.7626.
8 months ago
Comment:
snapshot
8 months ago
Comment: Take some profit at 0.7520 +120 pips
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ErikCZ
8 months ago
ok :-)
Reply
Miz
8 months ago
entered at 0.7669 ... looking good so far!
Reply
Trendhopper PRO
8 months ago
Looks good, I got in about 10 mins ago ,so some profit to come!! (hopefully), may I ask what trading platform you use?, as i'm quite new to this, is there a platform that does advanced patterns for you as well as fib. I appreciate any guidance you can give. Thank you.
Reply
tntsunrise TOP Trendhopper
8 months ago
no such plat form. tradingview is the best place for drawings.
+2 Reply
Trendhopper PRO tntsunrise
8 months ago
thanks for the reply, i think my question wasn't phrased properly, I'm using plus500 to trade with but there aren't any fib tools, or advanced patterns tools, I wondered which one you used? I'm working fibs by calculator!! Thanks for your tips by the way, as fas i can tell, trading view doesn't offer trading software, more of a learning website, I'm trading GBP/CHFand this one ! , both trades are still 'live' (just about...lol)
Reply
PaQu Trendhopper
8 months ago
Use tradingview for drawings. You can place your orders even with your mobile
Reply
Trendhopper PRO PaQu
8 months ago
ok thanks
Reply
shahnawaz
8 months ago
i make a short audusd at 0.7667 now
Reply
waterman
8 months ago
Very precise Judgement !!!
Reply
BLUE43 TOP
8 months ago
Totaly right on divergence no risk, and the 1.272-1.414 not so far (like for NU). With good money management, no problem
Reply
ananAh
8 months ago
I like it
Reply
bobbysims3
8 months ago
getting pretty close to stopping out...I hope it turns around..seen somewhere that it was in a bullish channel...looked good for a while though...cmon AU
Reply
LukaszMosinski
8 months ago
Looks like double TOP. Where the pair goes next? It looks still strong.
Reply
tntsunrise TOP LukaszMosinski
8 months ago
need to be rejected by 0.7700 area
Reply
Kah Shiuan Chin
8 months ago
Back to 0.7690 now, is this considered as rejected by 0.770?
Reply
tntsunrise TOP Kah Shiuan Chin
8 months ago
yes that is a nice rejection
Reply
LukaszMosinski tntsunrise
8 months ago
What about fundamental data from US? 276k unemployment can impact this pair?
Reply
Kah Shiuan Chin
8 months ago
any comment for coming FOMC? Is it like you did last time to manual close the order?
Reply
jafbash786
8 months ago
Does the NFP tomorrow not scare anyone about touching anything with the dollar?
Reply
smartscalp
8 months ago
Another stop lost
Reply
LukaszMosinski smartscalp
8 months ago
It did't touch SL yet. Houpfully this will not happen....
Reply
jafbash786 LukaszMosinski
8 months ago
It does look very very very strong it keeps testing the resisitance
Reply
LukaszMosinski jafbash786
8 months ago
Booom SL achived
Reply
jafbash786
8 months ago
this did not work
we all got stopped out
Reply
j_amui
8 months ago
ok
Reply
emad486
8 months ago
again stop losss
Reply
tntsunrise TOP emad486
8 months ago
its ok. only lose 10 pips .
Reply
GcNaif MOD tntsunrise
8 months ago
i still think its a good short call.
Reply
jafbash786
8 months ago
what a mad fake out
Reply
tntsunrise TOP jafbash786
8 months ago
yeah. very long spike
Reply
jafbash786 tntsunrise
8 months ago
the brokers are probably watching your ideas and seeing how many followers you have lol just so they can make money too
Reply
LukaszMosinski
8 months ago
So should we enter right now SELL?
Reply
jafbash786 LukaszMosinski
8 months ago
we missed it wait for a pull back
Reply
LukaszMosinski jafbash786
8 months ago
I hate this pair - it is complitely unpredictible. Good data NFP but is going up. I don't understand....
+1 Reply
moorekapital PRO LukaszMosinski
8 months ago
Hahahahhahaha
Reply
FXSpider LukaszMosinski
8 months ago
sentiment, unfortuantely
Reply
vaithi2praba
8 months ago
audusd may reach 0.7740 tonight
Reply
LukaszMosinski vaithi2praba
8 months ago
Why is that?
Reply
Miz
8 months ago
That pullback is not looking good for us
Reply
tntsunrise TOP Miz
8 months ago
now it pulls back to 0.618 levle. gold ,silver and oil all drop, but aud is a bit strange
Reply
Miz tntsunrise
8 months ago
Should still go down
Reply
waterman
8 months ago
Hi dude ! have you taken tmr's RBA effect. If they hold rate then aussie shoot up!
+1 Reply
tntsunrise TOP waterman
8 months ago
same as what i expected. RBA is dovish
Reply
waterman tntsunrise
8 months ago
You are always right in correct judgement dude Thanks !
Reply
felipenavarro1
8 months ago
Jack, what about the RBA rate decisión? Should we close trade, or change to BE?
Reply
tntsunrise TOP felipenavarro1
8 months ago
no need
Reply
thanks for your idea, I am able to catch this and will continue to watch this :)
Reply
tkarthi1
8 months ago
good trade.. thank you
Reply
Miz
8 months ago
wave 1 complete, 50 - 61.8 fib retracement now to complete wave 2 before wave 3 big drop. may be a good time for those who have not entered to enter once it reaches the fibs.
Reply
Miz
8 months ago
Do you think it will continue to go down?
Reply
Miz
7 months ago
Are we still expecting a drop? this is one nasty wave up
Reply
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