FX:AUDUSD   Australian Dollar/U.S. Dollar
533 13 21
7 months ago
Entered my last AU             short a little prematurely.

Upon re-examination of the pair I've decided to wait for the pair to reach the intersection of channel resistance and trend support (highlighted in purple box).

I expect that at this point if trend support is broken the pair will head down to at least channel support if not further.
7 months ago
Comment: Here it comes. I'll post an updated idea with my position.

Related Ideas

QuileHills
AUDUSD Update
QuileHills about AUDUSD 8 7 months ago
akshasuv
7 months ago
Thanks for heads up
Reply
tokyotiger
7 months ago
Very good chart. I'm also watching this trade. Shorting above .770 might be a good option.
+1 Reply
forexmech
7 months ago
Very close to upper line. Interesting to see price action from this point
Reply
forexmech
7 months ago
Smaller time frames showing rejection from the upper line.
Reply
QuileHills forexmech
7 months ago
With the strength the AUD has had I'm going to wait for a strong confirmation of rejection. Bearish engulfing would be nice.
Reply
hanikad
7 months ago
Where are the trend now, up or down
Reply
QuileHills hanikad
7 months ago
I have no reason to believe yet that it is not bullish.
Reply
hanikad
7 months ago
Do you think that in the down phase now, and to what extent
Reply
QuileHills hanikad
7 months ago
I'm waiting for a break of my green trend support to confirm. First TP would be red channel support.
Reply
hanikad
7 months ago
It is began landing ?
Reply
tkarthi1
7 months ago
great chart... started reversal bears will lead the show
Reply
AduvukaGwehona
7 months ago
cool....watching closely too
Reply
forexmech
7 months ago
Thanks Kyle
Reply
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