DACapitalTrading

AUDUSD - FOREX - 11. SEPT. 2019

FX:AUDUSD   Australian Dollar / U.S. Dollar
Welcome to our weekly trade setup ( AUDUSD )!

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1 HOUR
Bullish market slowing down.

4 HOUR
Bullish market found its resistance and need a pullback now.

DAILY
Bearish waving market with 50% pullback of previous x-a wave

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FOREX SETUP
SELL AUDUSD
ENTRY @ 0.68820
SL @ 0.69450 (60 Pips)
TP @ 0.67750 (105 Pips)
RR: 1.70
Use 1%-2% risk per Position!
(Remember to add a few pips to all levels - different Brokers!)


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Have a great week everyone!

ALAN
Trade active
There was a clean Bullish reversal at your Main Resistance Level, with China and US talking again, this trade could quickly go against you.
Stay nimble. Good luck too.
+1 Reply
DACapitalTrading OctaFX_Official
@OctaFX_Official, we will see thanks man!
Reply
just being objective here, helps me so l might for once leave a comment:

HTF d1- analysis shows buyers pausing atm, refeshing itself for next leg, prices stalling at an area of interest of daily resistance, common area for setups to occur, but is everyone thinking that!?....

LTF h4 chart while enticing buyer and sellers price structure shows one thing while chart structure says another, confusion for many different trade types being forced in.
Could this be accumulation phase rather than distribution ? there's a hint of continuation still here, as internal price structure and buyer strength still shows buyers have it, yes potential spike out to downside to trap technicals and momentum traders and sl's but price might have more upside , lets see happy trading ;)
+2 Reply
@Permaculture, Thanks for sharing with us mate
Reply
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