tntsunrise
Short

AUDUSD rejection at 113% level

FX:AUDUSD   Australian Dollar/U.S. Dollar
6771 51 131
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
Comment: So far So good, 50 pips +
Comment: A SPIKE HIT THE SL
so exit trade first
Comment: tmr is NFP. lets wait the NFP comes then decide whether to re enter the trade or not
Comment:
snapshot
Trade active: FILLED AT 0.7645
Comment:
snapshot
Comment: We short at 0.7645, now is 0.7626.
Comment:
snapshot
Comment: Take some profit at 0.7520 +120 pips
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ok :-)
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entered at 0.7669 ... looking good so far!
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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.
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tntsunrise TOP Trendhopper
no such plat form. tradingview is the best place for drawings.
+2 Reply
Trendhopper tntsunrise
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)
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PaQu Trendhopper
Use tradingview for drawings. You can place your orders even with your mobile
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ok thanks
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i make a short audusd at 0.7667 now
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Very precise Judgement !!!
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Totaly right on divergence no risk, and the 1.272-1.414 not so far (like for NU). With good money management, no problem
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I like it
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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
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Looks like double TOP. Where the pair goes next? It looks still strong.
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tntsunrise TOP LukaszMosinski
need to be rejected by 0.7700 area
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Back to 0.7690 now, is this considered as rejected by 0.770?
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tntsunrise TOP Kah Shiuan Chin
yes that is a nice rejection
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LukaszMosinski tntsunrise
What about fundamental data from US? 276k unemployment can impact this pair?
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any comment for coming FOMC? Is it like you did last time to manual close the order?
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Does the NFP tomorrow not scare anyone about touching anything with the dollar?
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Another stop lost
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LukaszMosinski smartscalp
It did't touch SL yet. Houpfully this will not happen....
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jafbash786 LukaszMosinski
It does look very very very strong it keeps testing the resisitance
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LukaszMosinski jafbash786
Booom SL achived
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this did not work
we all got stopped out
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ok
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again stop losss
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its ok. only lose 10 pips .
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GcNaif MOD tntsunrise
i still think its a good short call.
Reply
what a mad fake out
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tntsunrise TOP jafbash786
yeah. very long spike
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jafbash786 tntsunrise
the brokers are probably watching your ideas and seeing how many followers you have lol just so they can make money too
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So should we enter right now SELL?
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jafbash786 LukaszMosinski
we missed it wait for a pull back
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LukaszMosinski jafbash786
I hate this pair - it is complitely unpredictible. Good data NFP but is going up. I don't understand....
+1 Reply
moorekapital LukaszMosinski
Hahahahhahaha
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FXSpider LukaszMosinski
sentiment, unfortuantely
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audusd may reach 0.7740 tonight
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LukaszMosinski vaithi2praba
Why is that?
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That pullback is not looking good for us
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now it pulls back to 0.618 levle. gold ,silver and oil all drop, but aud is a bit strange
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Miz tntsunrise
Should still go down
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Hi dude ! have you taken tmr's RBA effect. If they hold rate then aussie shoot up!
+1 Reply
same as what i expected. RBA is dovish
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waterman tntsunrise
You are always right in correct judgement dude Thanks !
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Jack, what about the RBA rate decisión? Should we close trade, or change to BE?
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tntsunrise TOP felipenavarro1
no need
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thanks for your idea, I am able to catch this and will continue to watch this :)
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good trade.. thank you
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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.
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Do you think it will continue to go down?
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Are we still expecting a drop? this is one nasty wave up
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