pbmalla77

HOW I PLAN TO GET LONG OR SHORT!

FX:AUDUSD   Australian Dollar / U.S. Dollar

IDEAS BASED ON MY I VIEW THE MARKET.

1. I WANT TO SEE PRICE MOVE HIGHER INTO 3MO 0.72250. I WANT TO SEE SELLERS DEFEND THIS LEVEL ( EXPECTING RESISTANCE). I WILL SWITCH TO LOWER TIME FRAME TO GET SHORT. TARGET 1: 0.71650 LOWER/HIGH SWING( GREEN X), TARGET: 0.71070 ( DAILY BLOCK)

2. PRICE CONTINUES TO MOVE HIGHER BREAK AND CLOSE ABOVE 0.72415. I WANT TO SEE BUYERS DEFEND THIS LEVEL ( EXPECTING SUPPORT). I WILL SWITCH TO LOWER TIME FRAME TO GET LONG. TARGET 1: 0.73465 ( EXPECT RESISTANCE AREA ), TARGET 2: 0.74000 ( RANGE HIGH- BOLD RED LINE)

3. PRICE CONTINUES TO MOVE HIGHER, BREAKS ABOVE 0.72415. PRICE RUNS STOPS AND QUICKLY MOVES BELOW ( EXPECTING SHOOTING STAR LIKE CANDLE). NOTICE THE RESISTANCE AT THIS LEVEL. ANY PULLBACK 0.72415 AND 0.72250 (3MO).I WILL APPLY THE WEEKLY STRATEDY TO GET SHORT AT LOWER TIME FRAME.
TARGET 1: 0.71650 LOWER/HIGH SWING( GREEN X), TARGET 2: 0.71070 ( DAILY BLOCK)

GOOD LUCK!
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