FX:AUDUSD   Australian Dollar/U.S. Dollar
7674 44 168
AUDUSD            
SIMPLE STRUCTURE READING
0.7556 is the best place to short aud
when it pulls back to the structure.
I have published many similar Ideas b4.
If you know how to trade this structure.
you are there to make profits.
Simple Step:
1.Find a structure which is violated.
2.Wait for price to come back and retest
3.Look for Price Action when you trade.

Comment: Please take note this is an Educational Study:

what I want to share is the STEPS to trade the pull back

and pls take note of the STEP 3:
Watch Price Action when you trade.
Comment:
snapshot
Comment:
snapshot

moves as what I expected.
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short active?
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No its need to came again to yellow zone for selling
+1 Reply
TheStudent muhammadfayyaz.malik.1
k, thankyou
+1 Reply
According to daily chart it is still bearish, do you agree?
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Great advice.
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Strongly agreed, good call! Happy trading to all!
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ok
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Love the look of this
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i want to short now, is good idea?
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Not good idea
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alanprotrader PRO muhammadfayyaz.malik.1
why?
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alanprotrader PRO muhammadfayyaz.malik.1
i was stopped out, i will be more carefully. My problem is that i trust very much in candles and candle strategy not all the time is working good.
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admit. i put selling one by one at 0.7540 yesterday. take profit this morning and reput sell order later, thanks.
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happyluckydog happyluckydog
set price at 0.7580 to sell. thks.
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happyluckydog happyluckydog
today
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happyluckydog happyluckydog
why, 0.7540-0.7500+0.7540 = 0.7580
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I sold at 7537 today
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M in @0.75031 ;) SHORT SHORT
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audusd next mouve
+1 Reply
TAKAFX TAKAFX
i am looking for buy in this trade to zon green trget
+1 Reply
i enter short 0.75700
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@liam he's not a signal service lol
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So bad
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Trading is a statistics game. The author is the best I have seen. His reward/Risk ratio is often > 3X or even 10X. Some trades work out, others don't. That is the nature of this game.
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Hi, are we taking care of any suggested SL here already above 0.76 now.
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Unfortunately market broke through it, many scenario like this should played well
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now its 0.7596, actually the price breaked through
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Jack, I'm waiting if it will reach 0.7750 based on this:
AUDUSD Daily Chart - Potential Bat Pattern
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haug01 PRO arianto
While I have not taken Jack's course, it looks to me like most of his trade are based on 4 hour (240 minute) charts. If that doesn't work (we stop loss out of the trade), we could use your chart as plan B. I suppose the 4 hour charts have been the most useful for picking the probable trend change confirming a new downward (or upward) channel.
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Guys, there are 3 steps, NOT 2...
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Which 3 steps???
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haug01 PRO kamranibm
To help clarify these 3 steps, I also reviewed his NZDUSD post (https://www.tradingview.com/chart/NZDUSD/e4t1t6HD-NZDUSD-TOP-FORMED-What-s-next/) where the more typical pullback calculation is shown more clearly on the chart. This case here is different because he used a pin bar top to identify short sellers rather than the 0.6128 pullback calculation.

The steps are:
Step 1. Identify a broken trend. Jack can watch a stock/currency for months before identifying a new trade.

Step 2. Calculate/identify the pullback zone. In this case, Jack used a pin bar top to identify short sellers. More common is the 0.6128 pullback calculation. Identify lower (for shorting) bound of the short zone. Enter this value into your trading system to send you an alert when the price hits this level. These are 4 hour charts. It may take days or weeks for this to happen It may not happen. If it does, be ready to trade based on price action. Note in this and the NZDUSD, the predicted course of events was to form a head and shoulders pattern. For NZDUSD the price entered the short zone 9 days after the original post. The calculation of the pullback is always based on the 0.6182 ratio. Study the right side of the graph and practice this until you can do this on any broken chart.

Step 3. Trade based on the price action. When you have received the trade alert that your stock is entering the trading zone,
watch it for a while on a 1-5-15 minute trends and trade based on the price action. You need the stop loss above this short zone (or below a long trade) if it doesn't go as planned. You can also trade when it enters here with a stop loss.

Each idea is a probability about how to make the trade at the peak (or minimum) after a change in trend direction. If you get this right 65% of the time, you will do great. The other 35% you will never trade or will stop loss out of.
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I made an error in the above at the end of Step 2. The calculation of the pullback is not always based on the 0.6182 ratio. The case shows the pin bar method. The NZDUSD shows the 0.6812 method.
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CezaryS haug01
Thanks, for this explanation, It is easier to catch rules, but more difficult to use it by me :)
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haug01 PRO CezaryS
You are welcome. . I am studying Jack carefully. He has a very good system.
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Nice One, You get it!
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willzhang6 tntsunrise
Hi Sir, it looks like it has broke the support, shall we short it now? Thanks!
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Hi Tnt, what do you think about this pattern?
snapshot
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TntAlex TntAlex
Please advice.
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now going to test 0.7420 then 0.7250 since strong dollar is coming!
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Is the trade active? It came down before hitting 0.76 again. Can we go short? Or still wait for 0.76 pullback? please advise
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I see a 50% retracement long from brexit lows to highs. 7407 was front run by 7 pips. targets way above
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