Technician
Short

(J) Trade 29 : Short AUDUSD #FOREX

FX:AUDUSD   Australian Dollar/U.S. Dollar
5221 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
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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
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thank you tech. You are the best :)
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In on this one. Thanks Tech...
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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
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Technician TOP Koryphaeen
Yep, this is a possible scenario as well..
+2 Reply
for me this is still a short , good one Tech
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Think it is great how open and clear your strategies are and great communication. Always enjoy reading your market views. Great stuff!
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Suggesting trend continuation on weak down candle, against weak resistance, and a diverging rsi. Dubious to say the least.
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What a pity, it had sell stop...
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thank you technician
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My Sell Limit is on 0.7237
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gim TheBankTrader
I want to sell on 0.723...XD
+1 Reply
Great minds think alike...
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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
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
Hi Technician, I am interested as well!
Reply
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