tntsunrise
Short

AUDUSD watch cloesly at 0.7300

FX:AUDUSD   Australian Dollar/U.S. Dollar
2086 11 39
AUDUSD             watch cloesly at 0.7300
The Range bound togehter
with the FIB 1.272 Ext
give us clue
Be patient and watch price action
at 0.7300 Level
Look for Buyer Failure and short!
SL: 0.7330
Trade active: PRICE REACEHD 0.73
WAITING TO SEE BUY TRIED TWICE AND FAILED
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when to use Fib ext and when to use Fib retracement to view the market
Reply
Linda! Nice to see you here. When you see the price can't make a new high, and is pull back, u use retrace. when u see the price already breaks a new high, u use the dominating wave's fib extension to calculate how far can the 2nd wave go
+1 Reply
how about 0.7340? AB=CD will complete,and a down trendline from 10,AUG here
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tntsunrise TOP RichardYao
also a very good point
Reply
i'll also take a shot here
AUDUSD - SHORT
Reply
Good setup again sir, can we enter short here with these SL and Targets?
Reply
need to see buyer tried twice but fail
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P_Parker tntsunrise
you mean a smaller double top with that?
Reply
Your setups are sound and understandable. I appreciate you being so upfront and showing us what your going for.
Reply
tntsunrise TOP DangerousSpread
tks bro!
Reply
is now a right time to short it again?
Reply
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