FerrariForex
Short

AUDUSD SELL FOR DAILY INCOME TRADER

FX:AUDUSD   Australian Dollar / U.S. Dollar

ALERT SIGNAL FOR MONTHLY INCOME TRADER
PAIR NAME - AUDUSD
DATE -01/11/2018
SELL LIMIT 1 - .71104
SELL LIMIT 2-
STOPLOSS - .71212
TARGET 1.70830
TARGET 2-.70608

RISK REWARD- 4.62
Oct 31
Trade active
Oct 31
Trade closed: stop reached

Comments

Nice idea on AUDUSD. For our set up, we have identified the key resistance and support levels. Currently, price is approaching our first resistance at 0.71440. It is a horizontal overlap resistance, 100% Fibonacci extension and a 38.2% Fibonacci retracement. Stochastic is approaching resistance and so we might see a corresponding drop in price. If a corresponding drop does occur, we may want to take a look at the 0.70568 support level which is near your take profit 2 level. It is a horizontal swing low support, 61.8% Fibonacci extension and a 76.4% Fibonacci retracement .

Please take a look at our idea and share with us what you think.

Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out