FX:AUDUSD   Australian Dollar/U.S. Dollar
534 13 22
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.
Comment: Here it comes. I'll post an updated idea with my position.
Thanks for heads up
Reply
Very good chart. I'm also watching this trade. Shorting above .770 might be a good option.
+1 Reply
Very close to upper line. Interesting to see price action from this point
Reply
Smaller time frames showing rejection from the upper line.
Reply
QuileHills forexmech
With the strength the AUD has had I'm going to wait for a strong confirmation of rejection. Bearish engulfing would be nice.
Reply
Where are the trend now, up or down
Reply
QuileHills hanikad
I have no reason to believe yet that it is not bullish.
Reply
Do you think that in the down phase now, and to what extent
Reply
QuileHills hanikad
I'm waiting for a break of my green trend support to confirm. First TP would be red channel support.
Reply
It is began landing ?
Reply
great chart... started reversal bears will lead the show
Reply
cool....watching closely too
Reply
Thanks Kyle
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out