glennmercer
Short

AUDUSD Nearing High Probability Reversal Zone

FX:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD             is nearing the completion of a bearish bat on the 1HR timeframe. This level is confluent with a .382 fib and AB=CD pattern. Additionally, a lower TF wave count indicates a possible wave four in process, pending the last wave in the impulse. I will be risking less capital on this trade as it will be an overnight limit order and I will not be able to provide live updates.
Order cancelled: I cancelled this limit entry because I did not a wave count that supplemented entry. HOWEVER, I see a reason to short now after looking at the 15m TF:



Remember to trade only according to your plan and the most important factor is proper risk management! Good Luck
We also have MacD divergence on the hourly, I believe the high probability reversal zone is around 0.75660, we see lows and highs at that zone....as well as Diagonal resistance right there.
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out