3drive pattern and W5 completed Long

FX:AUDUSD240

Australian Dollar/U.S. DollarFXCM

Description

⋅ May 23, 2016 9:55 AM

:P Waiting to long

Trade active

⋅ May 23, 2016 1:49 PM

2nd entry for retracement, longed at 0.72, since 0.718 holds.

Comment

⋅ May 24, 2016 4:41 AM

RBA Governor Glenn Stevens' speach gave a good price to buy:)
It didn't break 0.718, and Eurusd didn't fall much
3rd entry at 0.7187:)

AUDUSD

Comments

Boumrah

⋅ May 27, 2016 9:57 AM

Are you still long on this pair ? ??

LaiptaiCervinskas

⋅ May 24, 2016 2:33 PM

Hello,

Is it a time to buy?

Bye.

faylee

⋅ May 24, 2016 2:38 PM

yes, sure,I'm holding long positions.

hao.deng.m

⋅ May 24, 2016 12:17 PM

Sweet chart...

James08

⋅ May 24, 2016 7:49 AM

don't you think your long positions are too close?

faylee

⋅ May 24, 2016 8:13 AM

yes.

mp4mp5

⋅ May 24, 2016 6:48 AM

what is your SL?

faylee

⋅ May 24, 2016 6:51 AM

0.71

dodatna

⋅ May 24, 2016 4:58 AM

My opinion (to enter Long):
1.) price should cross above local high (4), make a pullback with higher low (L) &
2.) AND momentum indicator on Daily should have positive slope (currently this is not visible)
3.) enter Long on (L)

faylee

⋅ May 24, 2016 5:24 AM

Good plan