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

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
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.
Reply
jhakas jhakas
it is at big resistance.. but friday can bring surprises..

snapshot
Reply
jhakas jhakas
aud is very sticky... it will fall towards 0.715 and below.. but lets see when :)
Reply
yes agree, specially now, looks like it will keep falling :)
Reply
in my chart, resistance has broken, lol
Reply
I'm with you!! But I'm waiting this CTL breakout before entering:
snapshot
Reply
good call, better be sure than jump like crazy ;) hahaha
Reply
Before I saw this I made nearly the same analysis. Looks good!
Reply
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