Piet.Hein
Short

AUDUSD Short - I'm In

FX_IDC:AUDUSD   AUSTRALIAN DOLLAR / US DOLLAR
1512 40 42
Here is the analysis:

AUDUSD Analysis
Trade active
Comment: RBA rate decision and statement in few hours, is likely to hold but if it be dovish can fall a lot.
Comment: Good levels to enter right now around .71
Comment: RBA hold. If want more information here it go: http://www.fxstreet.com/news/forex-news/article.aspx?storyid=b038e775-0bdf-4a65-b165-18f2ff697ebf
Comment: Now it should keep falling :) Good luck for everybody on this surf
Comment: Still on the trade after todays unexpected dollar weakens, time to star praying? haha kidding, lets see what happens, a break above the trendline could signal a new upward direction, but it is very likely to come with a pullback, where we can get out of the position on or close to break even. If it doesnt break upward and fall, everything is ok :)
Comment: If RBA Monetary Police Statement be Hawkish AUDUSD can go up to .73 then my SL will be hit at .7256, lets see if it will be not so hawkish...
Comment: Still on trade just to see if it will be possible to close at BK, because this trade is done, tomorrow NFP will not help the dollar, even if it be good...
Comment: HAHA wasent hawkish at all http://www.fxstreet.com/news/forex-news/article.aspx?storyid=0c67a3e6-3917-4334-a203-ed8d130015bb Now we need to see NFP tomorrow, but yet the scene isnt favorable to win this trade
Comment: After this, Im still bearish on this pair expecting further downside move, lets see if we can make it :)
Comment: right now, or it will be a fake daily breakout, or it is a 4h pullback to the broken trendline - if you believe it is the second one, good to enter now. But tomorrow will define if it fall, range or rise on Yellen.
Comment: Real monitoring! http://www.myfxbook.com/members/PietHein Now Im on myfxbook :)
Comment: Im setting SL to break even, trying to get out of this trade. Im no longer bearish on this pair, now Im neutral.
Trade closed: stop reached: this one was the most boring trade ever! hahah happens...

Related Ideas

Right on point, ma guy!
AUDUSD: KEY HOT ZONES
Reply
Piet.Hein moorekapital
Thanks for share your view fellow, Agree with your levels.
+1 Reply
moorekapital Piet.Hein
Thanks for seing what I see. It's satisfying ;)
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Beautiful trade!
The tp?
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Avengedh92 Avengedh92
ok srry this question is ok!
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Piet.Hein Avengedh92
Thanks! As deeper as it goes below .69 :p We need to watch price action around .6828 low and then around the round number .67 and .66. If it keep going, we keep surfing.
+2 Reply
moorekapital Piet.Hein
Exactly! PRICE ACTION, the only Truth in trading. The price, well read, could assist in maintainin a trade for long w/o cutting prematurely.
+2 Reply
Piet.Hein moorekapital
yes price action rules, its the only truth but always remember, you can love, you can hate, but never trust market hahaha - I saw it on a movie but not about the market.
Reply
moorekapital Piet.Hein
lol, who does that?
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Piet.Hein moorekapital
its a documentary about the ocean :p
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I took the trade (short) Friend..Totaly agree..Good luck /weekend... :-)
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Piet.Hein johan.verm
Thanks friend, hope we make it ;) for you too, have a nice weekend!
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same bro, just got in short last night. Good luck.
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Piet.Hein JonnyLA
:D thanks for you too ;)
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This will be a long trade.. Trailing and adding with success will make this trade huge when the sell off will end.. Very nice analysis here.. I have the same view..! https://www.tradingview.com/chart/AUDUSD/YydQUEMQ-AUDUSD-AB-CD-Completion-Open-Door-To-Shorts/#tc288582
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Fxprotrader Fxprotrader
Sorry for the link mate, i thought it would post a chart.. :(
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Piet.Hein Fxprotrader
Yes I saw your chart and agreed, very good analysis!
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Fxprotrader Piet.Hein
Thank you very much.. I am really sorry for posting my ideas link in your post.. I post it by mistake, i wanted to post a chart..!
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Piet.Hein Fxprotrader
no worries! Feel free to post it always, nice to share and exchange ideas ;)
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aud with channel trading..

snapshot
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hi jhakas. just my opinion. although there is a bullish channel, it is too steep . Notice the last few candles are showing bullish exhaustion. I think the selling pressure is great.
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jhakas Gfxadvisor
yes indeed.. agree but overall trend is taking some move..
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yeah i think you're right and I can see an inverted head and shoulders pattern which broke the neck. It seems to me a cup and a possible formation of the handle . thanks jhakas!
+1 Reply
Piet.Hein Gfxadvisor
yes the channel is nice but looks like will be broke now, I see the IH&S with the broken neck too, nice analysis from both of you.
Reply
jhakas Piet.Hein
Real shake for aud bulls will be 4hr candle close below 0.6958 and daily close below 0.69.. but before going there.. we have another 2 hurdles to take out.. 0.705 and 0.70 level.. aud with complete different angle.. daily tf.

snapshot
Reply
jhakas Gfxadvisor
Its not only Head of H & S. but double bottom as well 0.6827.. another bullish pattern..
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Yeah mate, I agree.
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Piet.Hein Gekko.uk
:)
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AUDUSD finally heading back down?


YESSSSS
+1 Reply
Before I saw this I made nearly the same analysis. Looks good!
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Piet.Hein Kevin_Lomax
Nice mate :) good analysis ;)
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I'm with you!! But I'm waiting this CTL breakout before entering:
snapshot
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good call, better be sure than jump like crazy ;) hahaha
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in my chart, resistance has broken, lol
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for now aud is making base @ 0.7188.. close to daily pivot... break will suggest downside towards 0.715 and if it remains then aud up again... it has created pin bars on 15 min and 30 min tf.
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jhakas jhakas
it is at big resistance.. but friday can bring surprises..

snapshot
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jhakas jhakas
aud is very sticky... it will fall towards 0.715 and below.. but lets see when :)
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yes agree, specially now, looks like it will keep falling :)
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The Feb. 5th down bar on D1 was very bearish. It should decide the direction of the market (downside). Entering shorts.
Reply
Piet.Hein kosai19
nice, good luck mate :)
+1 Reply
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