FX:AUDUSD   Australian Dollar / U.S. Dollar
103 8 7
AUDUSD             - Outside triangel at resistance (but in upward channel).

Which way to go???

I'd play safe and considering it neutral until clear direction is confirmed....

Details in the chart.
my idea....
Reply
looks bearish and its kind of adding more probability to go short on au...
to form h&s should go short now...
doji confirms bear's in power over bulls... :)
Reply
thanks for sharing your idea.
based on your chart/idea its bearish and doji + h&S kinda adds to it...
and au is curretly failing to cross the resistance of .75
if the second candle closes in red (after doji) will go short (confirmation for it to form h&s - for me).
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LucaMoretto investwisely2016
yup eaxctly. 2 times rebounded from 0.7500, We continue Monday... ;)
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Monday would be the better timing to short, hopefully a good start for the week ;)
...i normally don't hold over the weekend. don't like gaps.
cheers :)
Reply
LucaMoretto investwisely2016
me too, normally over the weekend i close all trades.
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best way to enjoy weekend without any stress or to worry about gaps
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LucaMoretto investwisely2016
depends which leverage u use... i use only 10x max25.
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agree with you. i use 100 so if it goes against me big loss so i do close all trades and start fresh week
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