Watch This Level: #AUDUSD Monthly | #Forex

FX:AUDUSD   Australian Dollar / U.S. Dollar
1133 16 23
Note that this is not intended to be a long or short , its just information that should help in trading...

I am starting a new series of posts "Watch This Level" where i will be publishing the most important short,medium and long term support and resistance levels. Its not a forecast or a trade its just an attempt to provide and show levels that might be key on different time horizons, and could provide could trade opportunities..

If you like the idea, so i continue , please let me know by liking and commenting, If i get sufficient interaction i will continue.. thank you..

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I teach my experience conclusions in 10+ trading strategies. PM me for details and cost.
Time for celebration, a toast to all of you :-)
Please continue Technician, "Watch This Level" is a great idea..A big help to all. Thanks
+1 Reply
It's great for beginners like me. Thank you for showing those important levels ! Good job, please go on !
Touns, I am no better than you :-)
Yeah, I believe it's heading for 61.8%. The lows to the left aren't likely to hold, in my opinion.
Btw, we've also discussed it in this thread: .
jangseohee ForceFollower
I am very weak at Fib level, so i left it out
just based on trend channel, MA & S/R line
ForceFollower jangseohee
That's OK. However, why don't yoy give Fibs a try? You'd probably appreciate their value. Start with the Golden Section first and build on that - that's at least how I see it. If I ever write a book on trading, Fibs will make one chapter for sure.
jangseohee ForceFollower
the thing is which swing high swing low to choose from got me really confuse, but trend channel has no ambiguity :-)
ForceFollower jangseohee
To me - channel trading, albeit great, is more ambiguous than Fibs. Which swing high or low? My method is simple - I go for the extremes, the highest high or the lowest low.
+1 Reply
jangseohee ForceFollower
It is about finding out what suits each trader based on their own personality :-)
+1 Reply
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