AUDUSD - Long / Short Opportunity
1W Timeframe
Week Trade #1
This week looking for a BUY / SELL opportunity for this pair for a total target of 182.1 pips.
With the Pivot Point @ 0.8009 and the Psychological Level of 0.8000 holding, along with remaining well above 0.7965 support:
Phase 1 Tentative:
BUY Entry Market Order @ 0.80236
T/P @ 0.81154
Believe price could go as high as 0.8190 but will take T/P at above target and begin setup for SHORT trade.
Phase 2 Tentative:
SELL Entry Market Order @ 0.81309
T/P @ 0.80406
S/L will follow as price moves in projected direction at rate of 10-15 pips above/below. Entries/Exits may change in accordance to further analysis at beginning of week.
R3 0.8081 R2 0.8059 R1 0.8031
S1 0.7980 S2 0.7958 S3 0.7930
Updates / Adjustments / Results will be reflected in updated comments.
* Personal analysis only. Please use your own rules and strategies prior to entering market.
** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.
1W Timeframe
Week Trade #1
This week looking for a BUY / SELL opportunity for this pair for a total target of 182.1 pips.
With the Pivot Point @ 0.8009 and the Psychological Level of 0.8000 holding, along with remaining well above 0.7965 support:
Phase 1 Tentative:
BUY Entry Market Order @ 0.80236
T/P @ 0.81154
Believe price could go as high as 0.8190 but will take T/P at above target and begin setup for SHORT trade.
Phase 2 Tentative:
SELL Entry Market Order @ 0.81309
T/P @ 0.80406
S/L will follow as price moves in projected direction at rate of 10-15 pips above/below. Entries/Exits may change in accordance to further analysis at beginning of week.
R3 0.8081 R2 0.8059 R1 0.8031
S1 0.7980 S2 0.7958 S3 0.7930
Updates / Adjustments / Results will be reflected in updated comments.
* Personal analysis only. Please use your own rules and strategies prior to entering market.
** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.
Comment:
Phase 1 Entry in place.
Trade active
Trade closed: stop reached:
Phase 1 BUY closed at O.80716 S/L
Total P/L = + 48 PIPS
Total P/L = + 48 PIPS
Comment:
Phase 2 now invalid.
BUY Entry Order in place @ 0.80454
BUY Entry Order in place @ 0.80454
Comment:
T/P @ 0.80904
Comment:
S/L @ 0.80274
Time frame - 4H
Time frame - 4H
Comment:
Price not reached in required time frame. Set-up no longer valid.