Happy New Year traders, the Aussie is interesting as the price sit right at a very significant point that has been trading for few weeks now. 0.7279 is a significant point that we have been trading since September 2015.
The trend in the pair is still to the downside nothing has changed and we want to be selling every rally that failed at a significant level. We saw price broke the 0.7279 on Thursday but immediately sold off coming back below the 0.7279.
Our trade here is easy, firstly we have a direction which is to sell, also we have a gift and a significant point lying on each other.
A high probability entry is:
- a break of the gift to the downside
- a trade below the significant point 0.7279
When these two scenarios occur, we are expecting lower prices in the aussie and a continuation to the downside. The first area we will target to this trade is 0.7096 which is the immediate low of this current move.
We are only going to entertain any buying opportunity above the 0.7382.
You can watch our weekly audusd analysis video here: www.youtube.com/watch?v=7Tkl3bDq...
GLT and Trade with care.
Follow us on twiter @charts_247 for more info and updates
The trend in the pair is still to the downside nothing has changed and we want to be selling every rally that failed at a significant level. We saw price broke the 0.7279 on Thursday but immediately sold off coming back below the 0.7279.
Our trade here is easy, firstly we have a direction which is to sell, also we have a gift and a significant point lying on each other.
A high probability entry is:
- a break of the gift to the downside
- a trade below the significant point 0.7279
When these two scenarios occur, we are expecting lower prices in the aussie and a continuation to the downside. The first area we will target to this trade is 0.7096 which is the immediate low of this current move.
We are only going to entertain any buying opportunity above the 0.7382.
You can watch our weekly audusd analysis video here: www.youtube.com/watch?v=7Tkl3bDq...
GLT and Trade with care.
Follow us on twiter @charts_247 for more info and updates
Trade active:
Well the gift is broken and the price is below the 0.7279 significant point.. sell is the call
GLT
GLT
Comment:
75 Pips and counting already on this trade. Next level to watch is 0.7170
Comment:
AUDUSD Hit 0.7170.
Comment:
Today we are still expecting more lows in audusd. the 0.7170 price point is the key figure. below here we expect more slide . GLT
Comment:
Today we are locking in profits. stop is now brought to 0.7096. we will let it ride
Trade closed manually:
204 PIPS. Thanks to audusd
