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Technician
Aug 27, 2015 1:02 PM

(J) Trade 29 : Short AUDUSD #FOREX Short

Australian Dollar/U.S. DollarFXCM

Description

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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Comments
LacorZ
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.
JosephGoh
Hi Technician, I am interested as well!
moneymaking
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 :)

TheBankTrader
My Sell Limit is on 0.7237
gim
I want to sell on 0.723...XD
TheBankTrader
Great minds think alike...
Muhammad_Tahir1
thank you technician
gim
What a pity, it had sell stop...
riskmode
Suggesting trend continuation on weak down candle, against weak resistance, and a diverging rsi. Dubious to say the least.
nick.harrington
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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