FX:AUDUSD   Australian Dollar/U.S. Dollar
4708 83 60
Range Trading
0.7300 is the range bound for the current price move.
Look Left, The previous Structure indicate lots of Selling
Pressure at this level.
RSI already shows the momentum is getting weaker.
Short audusd             at 0.7290-0.7300
SL: 0.7320
TP1: 0.7200
TP2: 0.7100
Trade closed: stop reached: Stop Loss Hit due to Holiday Spike.
Comment: Lose 30 Pips. Stopped at 0.7320
Trade active: Re- Enter Short Position at 0.7220, SL 0.7240
Pin Bar formed. that's the reason
Comment: Correction: Re-enter at 0.7320, SL 0.7340
Comment: Happy new year 2016!
Comment: Now the re-enter position at 0.7320 is a big winner
Comment: TP1 HIT, NOW is going to TP2
Comment: TP2 IS REACHING
Trade closed: target reached: TP 2 HIT. NICE TRADE. NICE PROFIT
Comment: Very good , After we Take profit at TP2, The price went up quickly
This shows a important rule:
You must know when to take profit in trading!
Join Projack's Student Group:
http://www.harmonicasia.com/index/course.html
Youtube:
https://www.youtube.com/playlist?list=PLN0GYK-_EO5Z3Xzp6Sk1bmfzckpkJ5NCx
FB: https://www.facebook.com/groups/projacksg/
QQ Group: 609224828
So, you can long GBPAUD
Reply
snapshot


Here is my analysis of AUDUSD. I am short as well.
Reply
hi it's almost reach 073500 then possible downturn
Reply
kinggold naxis_ac
You think AUDUSD is going up 200 pips before going down?
Reply
naxis_ac kinggold
so 73300 max ?
Reply
kinggold naxis_ac
snapshot
Reply
kinggold naxis_ac
I see it reversing at current level .73066
Reply
If you analyze on biger time frames, you will see that the trend is bullish.
+4 Reply
tntsunrise TOP KikeFerrerCastello
Will a Bullish Trend continue forever?
Reply
My take profit is on 0.7357
Reply
kinggold KikeFerrerCastello
Oh my gosh, is AU continuing upward from now on?
Reply
0.7330
Reply
tntsunrise TOP KikeFerrerCastello
if we look at weekly chart, it is a bearish trend. Will this help? No. It doesn't matter you go long or short, the trading plan matters, whether you have a SL level to protect your acct and whether you have good level to Take profit.
Reply
RealMadrid tntsunrise
absolutely you are right
Reply
I hit stop loss :'(
Reply
sl hit
Reply
Lose 30 pips.
Reply
I am still keeping short.
Reply
Still can short actually. I am considering to re enter a short position, look closely for the price action. now the Long Tail appeared
Reply
kinggold tntsunrise
Right, that is why I am still short
Reply
jhakas tntsunrise
there is a big possibility of aud again going for 0.7385...
Reply
kinggold jhakas
Why is that?
Reply
Held my short around .73 with s/l above .734. It got hairy for a bit. I'm in profit but I'm watching closely.
snapshot
Reply
naxis_ac pointoftangency
:) agree
Reply
I still long it, may it fall down
Reply
kinggold lzy2011
I think it is risky to long AU
Reply
jhakas kinggold
after watching closely.. i turned bullish on aud.. sl. is tight..

AUD/USD LONG TRADE IDEA 0.7305
Reply
lzy2011 kinggold
you're right, I'm out
Reply
I support your idea. it's still a valid pattern.
AUDUSD: Potential Bearish Cypher pattern, Bat pattern and AB=CD
+2 Reply
jhakas KlejdiCuni
nice chart
Reply
Thank you
Reply
Sir, I think now may be a good enter point.
Reply
ben46 ben46
short audusd
+2 Reply
THIS CYPER IS GOOD
Reply
today is last day of month... and year end.. so some sl. hunting is possible.. and fast drops or spikes v. likely...
Reply
yeah.
Reply
kinggold tntsunrise
You are right, stop loss hunting is very possible and probably part of the bullish movements. Tick volume shows that the upward move to the drawn trendline was being fought by the bears. The bear push down now is much smoother on tick volume showing no struggle down.
Reply
kinggold kinggold
snapshot
Reply
kinggold kinggold
snapshot
Reply
jhakas kinggold
for today i am now not convince to short aud... cuz today market will goes against traders... and on every last and start of month we saw strange moves..
Reply
kinggold jhakas
Goodluck
Reply
jhakas kinggold
aud 4hr chart

http://prntscr.com/9kl63m
Reply
agree
Reply
i WILL WAIT BREAKOUT AT TREND LINE,TO SEEL.
Reply
its about time to go down, hold my short as well
Reply
Very brave to short AUDUSD...did you see copper?
AUDNZD is a long, GBPNZD, but GBPAUD, not so much.
I wanted to long GBPAUD and discarded it for now.
China and copper and AUDUSD will go up for weeks.
+1 Reply
kinggold IvanLabrie
Copper and Audusd barely have any correlation to eachother. Nas100 has a stronger weekly and daily correlation and Nas100 is low from its recent high.
Reply
Iron ore and copper have a strong correlation.
If you don't see it then I have nothing more to say to you...
And got burned? I bought 0.72006, and bought dips along the way all the way up, so no, not burned. :)
+1 Reply
FXROB IvanLabrie
I KNOW THAT and that is why diversifies my wallet and I bought MTS shers on IBEX 35 at the spanish stock market.
Reply
Ok, nevermind.
Reply
kinggold IvanLabrie
Anyone get burned longing AU?
Reply
tntsunrise TOP IvanLabrie
closed this trade and i think now is good time to buy copper. it touches 2.0 again
Reply
SkyrEk tntsunrise
No consideration to buy AUD since it coincides with 2015 lows?
Reply
I have some different proposition ....
AUDUSD Butterfly potential ?

+1 Reply
how do u define the C point?
Reply
FXROB tntsunrise
Point C should be max. 78.6% to 88.6% of the length leg AB. And SL above point A
Reply
There is no way for harmonic pattern to determine C point. You can't predict a C point if it is not happen. What Harmonic can Predict, is the D point.
Reply
FXROB tntsunrise
I do not know what patterns you are using I have my own exactly defined and on the basis of successful I am in the market for 8 years .For butterfly as I wrote punk c falls up to 78,6-88,6% of AB leg. As the market has not reached these levels do not enter in the market. Now I have open orders at 0.73200.
Reply
your logic is wrong. C point meets the criteria then Harmonic Pattern is Valid. But You can't say, hey, this is a potential butterfly (Even the C point is not there), and this pattern must be valid, therefore the C point max is 78.6 to 88.6% . Harmonic is not to be used in that way
+3 Reply
FXROB tntsunrise
ok. I see your point but I'll hold my own proven methods greet and everything of best in the new year.
Reply
FXROB tntsunrise
FULL ANALYSIS: USDCAD: Some More Upside Before The Fall?
Reply
FXROB tntsunrise
look for a more experienced colleague. As he defines the point C?https://www.tradingview.com/chart/USDCAD/xh7UjeBv-FULL-ANALYSIS-USDCAD-Some-More-Upside-Before-The-Fall/
Reply
did your C point turn out?
Reply
THE USDCAD 's C point is measured by Elliot Wave, and FIBO EXT, however, in your previous chart of AUD, you just any how drag a C point, that is not the way. Just Remember, don't any how drow the C Point and tell people, hey, the price will go up to C and drop unless you have a reason to calculate your C point.
Reply
I'am shorting as well bearish cypher formed perfectly on this wedge
snapshot
Reply
naxis_ac derekvela
nice chart
Reply
derekvela naxis_ac
Thank you
Reply
naxis_ac derekvela
http://longforecast.com/fx/australian-dollar-forecast-for-2015-2016-and-2017.html
AUD max 7.4 but in general it is downtrend so hold high and sell it
Reply
What's that site?
Reply
naxis_ac IvanLabrie
AUSTRALIAN DOLLAR FORECAST FOR 2015, 2016 AND 2017
Reply
naxis_ac naxis_ac
in a big blueprint
Reply
I don't know what's it based on, nor how to use that.
It's better to go swing by swing...who knows the exact path, very ambitious and not really tradeable.
Reply
naxis_ac IvanLabrie
yep...just board direction by in the trade world it's bit not easy to absorb.
Reply
This Cypher is really good
Reply
thank you learned Very following its Business theories, I have improved my negotiations following you .
Reply
TP 2 hit! Time to buy the AUD:)
Reply
yes!
+1 Reply
dejanlukic8888 tntsunrise
Nice Trade TNT !!
Reply
Nice Trade TNT
Reply
Thank you bro! I hope you also earn this profit
Reply
Good Job .... I really appreciate your charts great job brother
Thank You
Reply
tntsunrise TOP SaudAlAzab
WELCOME BRO.
+1 Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out