tntsunrise
Short

AUDUSD 4H PIN BAR and retested

FX:AUDUSD   Australian Dollar/U.S. Dollar
15527 51 221
AUDUSD             4H PIN BAR and retested

We can see the long pin that want to push
the price to 0.7700 but then failed to break
new high and then price falls and break the
bottom of the pin bar .
and now the price has is retesting the structure
and thus we can open a short trade
to trade the pin bar .
Comment:
snapshot


Please kindly ignore the above update. my copy paste is wrong.

Moderator, please help to delet the previous comment
tks
Comment:
snapshot

Retest 618 , for thoese not in, u may consdier
Comment: Sold at 0.7664
now is making money
Comment:
snapshot

Still Holding, the 0.618 is still rejecting the price
Comment:
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AUSTRALIA INT RATE COMING SOON, Lets see how price break the channel.
Comment:
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Now in profit short from 0.7664
Comment: now is 0.7611, NICE SHORT
Comment: Today hit 0.7560, 100 pips
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Thank you Jack!

Is that SL really so low on this trade?
+6 Reply
technically 0.7700 above is best
+3 Reply
Abozahra PRO tntsunrise
Thank you!
+1 Reply
hmm, but daily on DXY looks weak as well - so I don't like to short AUD against USD right now.
snapshot
+5 Reply
confi sacrelege
dxy is more related to euro
Reply
I'm aware of that, but I like to use it as a general indicator for dollar weakness and at the time of writing my analysis was correct. You can see, that Jack's trade was struggling at first. ;)
+1 Reply
sacrelege PRO sacrelege
Jack: Don't get me wrong, I like your analysis very much. I d'like to discuss the current situation on AUD/USD, since I can see a different scenario.

Consider this:
1. We got a new high
2. body closed above ~0.7610, so basically we have a support now between 0.7590-0.7610

Conclusion:
I expect it to be range bound between the current top and ~0.7610 zone, before it tries to climb again. Therefore I don't take position here.

I know that in the end we're just looking for good entry points (good r/r) and the rest is basically done by setting the correct SL/TP respectively money management. So either way, your trade is okay, even if it fails. But if you disagree with my scenario/analysis, I would like to know what I missed or why you still like your entry point after reading this.
+1 Reply
sacrelege PRO sacrelege
my call was damn correct :)
support around ~"0.7610"
+1 Reply
thank you i am with you in this trade
Reply
Daily still having some room up Sir ..

snapshot
+2 Reply

thanks Jack. great master. I am afraid that it may retest 0.7730 again this week. If not, then fall down.


thanks anyway. master.
Reply
happyluckydog happyluckydog


also bearish on AUD. thanks master.
Reply
happyluckydog happyluckydog
It is now falling down!
Reply
davidpaSG happyluckydog
Stochastic in Daily chart already in overbought, price may fall anytime
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happyluckydog davidpaSG
thanks.
Reply
A timely cal. very good
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Thank you Jack. looks like it should reverse, I Will wait for support trendilne from 19t Sept to break down before i enter this one..
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thankyou , time to, opened (^-^?
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tntsunrise TOP candlehunter
already short
Reply
can i enter now?
Reply
yes u can
Reply
Another trade blast out!
+2 Reply

will take position soon. thanks.
Reply
Short 7700 & 7710
Reply
Essarazm Catella
Great entrance. Shorted from 7695. Good luck for bears
Reply
It makes a new higher high therefore Jack's idea has been smashed and people are still entering... WELL DONE.
+1 Reply
davidpaSG edmunch
Look carefully, in Daily chart last swing high was 0.77325. Therefore, Jack's idea is still correct on entering the point suggested
Reply
edmunch davidpaSG
Ok, if you think so feel free.
+1 Reply
do you consider a reentry?
Reply
yes. based on the libra pattern and 618 pull back at 0.7680
+1 Reply
short? target sir?
Reply
I entered from 0.7667 also because there are also bollingerband divergence and rsi divergences
+1 Reply
Thank you Jack for coming back and taking us also in to your boat as we were watching desparately for missing the trip.
+2 Reply
Thanks Jack!
Reply
Sell limit @ 0.7665 - filled
AUDUSD - Short (Rejection at Resistance)
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snapshot
+2 Reply
It does not stop going up
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Dguaman EcknerBarcelos
It takes time, now is going down :D
Reply
I entered now, let's see! :)
+1 Reply
Thanks jack. Please keem em coming
Reply
Jack i think it will up 1 more time , but just a little bit , and price will drop tomorrow. not todays interest rate
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snapshot


my 60 min
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GOOD JOB
+1 Reply
Hey Jack. Seeing potential on chfjpy for a long. Let me know what you think.
Reply
long usdjpy better
+1 Reply
confi tntsunrise
Thanks Jack!!
Reply
good result!
+1 Reply
Nice one Jack. I took it with you.
+1 Reply
Thank you Jack, have just take profit of 3 standard lots after 50% retracement. Still 2 lots ongoing to 2nd target.
Reply
This is very nice, I've entered this trade after you, now there no so much profits but I believe that it will go more down in long term
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