Technician
Short

(J) Trade 29 : Short AUDUSD #FOREX

FX:AUDUSD   Australian Dollar/U.S. Dollar
5193 16 84
Trade 28: Short AUDUSD             @ 0.7150
Trade Status: Active
S.L 0.7190
T1: 0.7076
T2: 0.7035

Balance = $29,126 Position size = 1.8 lot ~ 2.5% risk of capital
===========================================================================
Reasoning
-Retesting Horizontal resistance
-Pin bars at retest
-Overall short term trend is down
-Strong U.S GDP Number


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Technician
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thank you technician
Reply
BedirhanMelet
2 years ago
thank you tech. You are the best :)
Reply
marcus123
2 years ago
In on this one. Thanks Tech...
Reply
Koryphaeen PRO
2 years ago
Thank you for the thought, Technician. I think we have a head and shoulders and the neckline is now retested. I think I will rather take a long this time. What is your opinion about it?
snapshot
Reply
Technician TOP Koryphaeen
2 years ago
Yep, this is a possible scenario as well..
+2 Reply
GcNaif MOD
2 years ago
for me this is still a short , good one Tech
Reply
nick.harrington
2 years ago
Think it is great how open and clear your strategies are and great communication. Always enjoy reading your market views. Great stuff!
Reply
riskmode
2 years ago
Suggesting trend continuation on weak down candle, against weak resistance, and a diverging rsi. Dubious to say the least.
Reply
gim
2 years ago
What a pity, it had sell stop...
Reply
Muhammad Tahir
2 years ago
thank you technician
Reply
TheBankTrader
2 years ago
My Sell Limit is on 0.7237
Reply
gim TheBankTrader
2 years ago
I want to sell on 0.723...XD
+1 Reply
TheBankTrader gim
2 years ago
Great minds think alike...
Reply
moneymaking
2 years ago
Hey mate, sad to see you get stopped out. I got stopped out twice on gbpusd long cypher patterns, it sucks :(

I actually just got long on this pair based on it reaction from the monthly trend line. I think long is likely to payoff at least for short term, about 100 to 200 pips potential target for me :)

snapshot
+1 Reply
LacorZ
2 years ago
Technician, i would like to ask you about your background, how do you finish here in trading, and why you seem so successful? Excuse me if there is any misstake or missunderstanding, but english it's not my mother tongue

Thank you for your help.
+1 Reply
JosephGoh LacorZ
a year ago
Hi Technician, I am interested as well!
Reply
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