glennmercer
Short

AUDUSD Short: The Wait is Over, Free Fall Ahead!

FX:AUDUSD   Australian Dollar/U.S. Dollar
2 months ago
Hey Traders, it looks as though the correction is complete for this pair. If there is a new high, it will likely be very short lived and a re-entry will be the best option. I have my stop set tightly above highs with low targets around the .747 range. This drop could be swift and powerful, so strap yourself in and enjoy the ride.
2 months ago
Trade active: Breakout!!
Order Filled. Tight Stop. Enjoy
snapshot
2 months ago
Trade closed: stop reached: The wedge has continued! Looking for better entry from top of NEW wedge:
2 months ago
Comment:
snapshot
2 months ago
Comment: Here's where the OPTIMAL entry was on this trade. There's a beautiful cross on two bullish trendlines that added huge resistance to the fifth leg. I missed this one unfortunately, but I entered shortly after with SL above highs. Here is a chart, updates to come:
snapshot
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earthkamol
2 months ago
Thank for sharing, I love and follow your analysis. I think it is still valid for short, you just stop it too early.
+1 Reply
glennmercer PRO earthkamol
2 months ago
Thanks EK! Short is absolutely still valid, I have entered a short at a higher price as shown in second comment. Cheers!
Reply
earthkamol glennmercer
2 months ago
Great ^^ Good luck for BEAR !!
Reply
Hanu727
2 months ago
Hi Glen, nice AU set up. Where's. your SL at on this trade?

Thanks for posting
Reply
glennmercer PRO Hanu727
2 months ago
Hanu, thank you. I have a SL placed at .7711. Cheers
Reply
-Andrew- PRO glennmercer
2 months ago
Great setup
Reply
glennmercer PRO -Andrew-
2 months ago
Thanks Andrew, Cheers
Reply
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