Technician

Watch This Level: #AUDUSD Monthly | #Forex

FX:AUDUSD   Australian Dollar/U.S. Dollar
1128 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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My best regards,
Technician
My live trades here https://telegram.me/joinchat/DgsnQ0FzifLqyI2YAoMqqQ
afounah
2 years ago
Great :) please continue
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jangseohee
2 years ago
Sounds good, around there
AUDUSD, from bird
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ForceFollower
2 years ago
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:
AUDUSD
.
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jangseohee ForceFollower
2 years ago
I am very weak at Fib level, so i left it out
just based on trend channel, MA & S/R line
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ForceFollower jangseohee
2 years ago
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.
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jangseohee ForceFollower
2 years ago
the thing is which swing high swing low to choose from got me really confuse, but trend channel has no ambiguity :-)
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ForceFollower jangseohee
2 years ago
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
2 years ago
It is about finding out what suits each trader based on their own personality :-)
+1 Reply
ForceFollower jangseohee
2 years ago
You've hit the nail. Noone is going to make your best strategy for you. As if in the "Edge of Tomorrow", we wake up every day to make our strategy better and better, eliminating the stuff that failed and modifying everything else to make it more robust or even perfect.
+1 Reply
jangseohee ForceFollower
2 years ago
of course, when different TA combination confluences with different TA combination, thats the most formidable one!
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ForceFollower jangseohee
2 years ago
Yeah, a confluence of independent variables. There are so many of them to choose from. The ones that I use are: trend, momentum, volatility, relative strength, retracements. But there are many other: price action, volume, harmonics, EW, etc.
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jangseohee ForceFollower
2 years ago
i am idiot when it comes to Harmonic, Gartley, EW and Fib
but i am happy with my combination of Trend, Channel, MA, Candlestick pattern at S/R level plus MACD & RSI
+1 Reply
touns
2 years ago
It's great for beginners like me. Thank you for showing those important levels ! Good job, please go on !
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jangseohee touns
2 years ago
Touns, I am no better than you :-)
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Please continue Technician, "Watch This Level" is a great idea..A big help to all. Thanks
+1 Reply
jangseohee
2 years ago
Time for celebration, a toast to all of you :-)
Reply
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