FX:AUDUSD   Australian Dollar / U.S. Dollar
555 21 14
LONG @ 88.6 WITH SL BELOW 100%

WILL 88.6% HOLD?
MAIN TREND IS UP IMO             . THESE MOVES DOWN IS CORRECTION.
IF IM RIGHT THIS IS THE START OF THE NEXT IMPULSE UP.
BREAK OF TRENDLINE WILL VALIDATE MY POINT.

I WILL ADD POSITION ONCE TRENDLINE IS BROKEN. FOR NOW, A SMALL POSITION OPENED.
11/6/2015 UPDATE : CLOSED MY AUDUSD POSITION IN FULL FOR 150 PIPS PROFIT.
REASON : THE NEWS DID NOT ENABLE THE PAIR TO BREAK ABOVE THE PREVIOUS HIGH. AND CORRELATION WISE, EURUSD GBPUSD NZDUSD ARE ALL BEARISH. THE BIG 4 MOVES IN TANDEM SO TO BE SAFE I EXITED FROM AUDUSD LONG. IM STILL IN ON SHORT EURAUD. 200 PIPS AND COUNTING.
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PriceActionTrading PriceActionTrading
snapshot
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hi priceaction would you please post your trade-setup
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PriceActionTrading manijeh.kazemi.33
Sorry i do not quite understand you. This is my trade setup. This idea. 88.6% + RSI divergence. With some impulse wave and correction wave analysis.
+1 Reply
manijeh.kazemi.33 PriceActionTrading
excuse me confused with another chart
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PriceActionTrading manijeh.kazemi.33
Np.
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This is it. First bullish impulse? Broke trendline.
snapshot
+2 Reply
moneymaking PriceActionTrading
Hey price action, also note the bullish RSI divergence at the 88.6 level. Looks good :)
+1 Reply
Yea. the divergence was there during my initial analysis. Was part of my decision to enter. Note it wasnt just a divergence, it was severely oversold as i have my RSI setting at 20,80. Not the usual 30,70. If you see, It hit 20.
+1 Reply
moneymaking PriceActionTrading
Nice, I also keep the 20 and 80 levels, they show the extreme exhaustion of the market. Looks like the AUD cash rate news worked in your favor. Good work :)
+1 Reply
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