Nico.Muselle
Short

AUDUSD - short with GAP serving as resistance

FX:AUDUSD   Australian Dollar/U.S. Dollar
3395 36 79
a year ago
After the nice winner on a long on this pair, I'm now trading a short on the 3 drives pattern that was established and with the weekend gap serving as resistance on the upside.

I am looking for a retracement into previous highs as a primary target and the 61.8 fibonacci retracement as a secondary target.

The stop loss is defined by a 1:1 R:R for the primary target and the reasoning that when the weekend gap is closed the trade is invalid as this is one of the reasons for entry.
a year ago
Trade active
a year ago
Comment: For those who are in this trade, be aware that the RBA monetary statement is up for tonight and that tomorrow we have the NFP coming up. Protect your capital !
a year ago
Comment: Moved SL to break even in anticipation of the RBA Monetary Policy Meeting ...
a year ago
Comment: RBA Monetary Policy Meeting did not cause any damage so the trade is still open with stops at break even. I will keep it that way.
If targets are not reached before the NFP, I will close this trade before the news is released and take whatever pips the market has given me up to that moment.
a year ago
Comment: Being in the live room I forgot to close the trade, luckily the market hardly reacted so I will keep the trade open and go look for those targets.
a year ago
Comment: Target 1 reached, stops were already at break even
a year ago
Trade closed: target reached: Ka-Ching, another 130 pips booked to the account. AUDUSD has been very nice to me in the last 2 day ... looking for the next setup now.
forexmech
a year ago
Thanks Nico. :)
+1 Reply
Nico.Muselle MOD forexmech
a year ago
You're welcome ! :) Hope it helps !
Reply
I'm in, will def. keep an eye out for the NFP tonight.
+1 Reply
Nico.Muselle MOD Forex-De-Lis
a year ago
Good stuff, I will do the same :)
Reply
Forex-De-Lis PRO Nico.Muselle
a year ago
Nice, 134 pip winner on my end.
+1 Reply
Nico.Muselle MOD Forex-De-Lis
a year ago
Awesome !
Reply
arif_awan
a year ago
Bat and Gartley scenarios!!!
Reply
Nico.Muselle MOD arif_awan
a year ago
It's a bit hard to read your charts with these different colors and the patterns covering the candles :(
+1 Reply
arif_awan Nico.Muselle
a year ago
you mean candles are hidden?
Reply
Nico.Muselle MOD arif_awan
a year ago
Yes ... I don't see where your candles are behind your coloured patterns. Makes it a bit difficult to read the charts :)
The Gartley is not a valid one for me as the BC leg is not a 61.8% retracement of AB ... but if you have different rules and they work for you, good luck ! :)
Reply
arif_awan Nico.Muselle
a year ago
hover over the candles, can see them, but I will move them in the front, in my future ideas, thanks for pointing out.
Reply
Class technicals Good luck mate
+1 Reply
Nico.Muselle MOD jackmyattFX
a year ago
Thank you !
Reply
jhakas
a year ago
nice i have same views..

snapshot
+2 Reply
Nico.Muselle MOD jhakas
a year ago
Good stuff ! Let's see what the NFP has in store ...
Reply
Manu76
a year ago
Great ! Thx :)
+1 Reply
Nico.Muselle MOD Manu76
a year ago
Thanks for your comment, you're welcome !
Reply
Nicely done
+1 Reply
Nico.Muselle MOD Akil_Stokes
a year ago
Thanks Akil, means a lot coming from you :)
Reply
shairafzalkhan
a year ago
what is your rate of return

+1 Reply
Nico.Muselle MOD shairafzalkhan
a year ago
For this trade, target 1 was a 1:1 Risk:Reward ratio as described above. Hope that answers your question.
Reply
Csys
a year ago
I have my pending short at 0.727, a nice Fib confluence level.
+1 Reply
Nico.Muselle MOD Csys
a year ago
sorry you did not get filled ... But always better than a loss :)
+1 Reply
Csys Nico.Muselle
a year ago
Yup I missed this swing, hoping best for the next one : )
+1 Reply
Nico.Muselle MOD Csys
a year ago
Keep looking out for them ... Together we're strong :)
Reply
piponomics
a year ago
Thanks for the great analysis, as usual Nico! :)
+1 Reply
Nico.Muselle MOD piponomics
a year ago
And thank you for your support Kate ! :)
Reply
GoodLuckbabe
a year ago
TRIPLE THREE CORRECTION
very nice setup brother same thinking
+1 Reply
Nico.Muselle MOD GoodLuckbabe
a year ago
Thanks for your input ! :)
Reply
Haribo10
a year ago
this was amazing Nico, thanks
+1 Reply
Nico.Muselle MOD Haribo10
a year ago
Thanks for your support ! :)
Reply
Pokemon_King
a year ago
Awesome,! Crazy Man.
+1 Reply
Nico.Muselle MOD Pokemon_King
a year ago
Yep, it was really awesome, I fully agree !
Reply
Lanmar PRO
a year ago
Excellent.
Execution strategy: Double opportunity for AUDUSD
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NepaliHercules
a year ago
i saw this and i was too chicken to take it.
Reply
banffstocker
a year ago
Bullish Channel on the 4 hour time frame, possible move up from the lows of the channel @ 0.7069 to the 61.8 fibo @ 0.7153 with possible extension to 0.7229
Long ( Short term)
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