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tntsunrise
Apr 18, 2016 1:38 AM

UPDATE OF AUDUSD Short

Australian Dollar/U.S. DollarFXCM

Description

UPDATE OF AUDUSD
A Big Gap Formed after the week end.
Let's think this way:
What will those people who bought
above 0.7680 do?

Will they be worried?
Will they cut their loss when the price rally a bit?
Put yourself in thoes buyer's shoes
What will you do?
So wacth 0.7680
if price never goes above that level
it means the neckline is broken.
Short for the pull back
Short when the market make a lower high.

Trade active

Trade closed: stop reached

TRADE CLOSED. BREAK NEW HIGH

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THE NEXT RESISTANCE IS AT 0.7783

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7783 HIT, WATCH FOR PRICE ACTION

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Trade active


Enter at the 2nd try at 0.7783

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ok the 1h candle finish and forms a pin bar.

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LIBRA PATTERN IN 5 MINS

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AUD WATERFALL

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NOW IS 0.7700, Today added position at 0.7766, additional 66 pips
Comments
mp4mp5
failed AU. weekly uptrend.. Potential reaching 0.7880
tntsunrise
Weekly Turning Point. I short at 0.7820-0.7830
Miz
What would the next tp be?
ieducswesps
This AUDUSD was a pain in the ass in the last week
chas2020
Trapped traders!
Miz
0.7740 hit
Miz
0.7550 as tp?
tntsunrise
7740 first
Miz
Thanks, lets break this and see lower hopefully :)
Pinin675
@tntsunrise what do you think about this price action? i already enter short at 0.78074 but i want to add position to get back money that i loss on this pair... where should i add my position?
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