glennmercer
Long

AUDUSD Long at Market: Cypher Complete, Potential Triangle

FX:AUDUSD   Australian Dollar/U.S. Dollar
4 months ago
Hey traders, looking at a couple of speculative triangles for this pair. Although there are a lot of uncertainties at the moment on price action, we do know that this is corrective structure and thus a harmonic pattern like the cypher is an opportunity to take a long position toward further correction. More updates to come as the tide rolls and reveal wave structure. Happy trading!
4 months ago
Trade closed: stop reached: I'm big time bearish on this pair with huge downside targets. The drop occurred faster than anticipated! I won't be taking any long positions, just waiting for another great short opportunity. Cheers
snapshot
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ddp922
4 months ago
On higher timeframes it just hit the .618. Perfect hit actually. Could reverse here
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glennmercer PRO ddp922
4 months ago
Good eye ddp! I already have enough short USD exposure being short USDCAD and long EURUSD. I will wait for that rally to complete before placing any AUDUSD positions. Thanks for the heads up, cheers
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