EXPECTING ONE MORE LEG DOWN TO THE 78.6 - 88.6% OF THE UP IMPULSE. 88.6% WILL BE GOOD BUYING OPPORTUNITY IF IT DOES NOT CLOSE BELOW IT. STOP BELOW 100% OF THE MAIN IMPULSE.
THUMBS UP IF YOU LIKE THIS SETUP OR IF YOU WISH TO RECEIVE UPDATES ON THIS PAIR. ALL THE BEST.
Comments
KevinSinghDhaliwal
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Back to the zone
PriceActionTrading
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Nice one kevin. 88.6% currently. i entered long @ 88.6 at that exact mark with stop few pips below the 100% (X)
KevinSinghDhaliwal
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yeap entered long today too
oleg.golubovich
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Outstanding. Do you personally operate any extra technical things except of those shown on the chart? And how do you think - is AUDUSD still bulish?
PriceActionTrading
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As shown in kevin's chart below, It is bullish as it formed a new high with the pattern completion. And now is 88.6% of the bullish leg that happened right after the pattern completion. The "zone". Until it closed below 100%, it is bullish due to higher high and higher low. I do not use any other technical studies. Only FIBS trendlines and price action studies.
PriceActionTrading
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10/6/2015 UPDATE : PRICE MOVING DANGEROUSLY DOWNWARDS. LOOKING TO BREAKEVEN THIS TRADE IF IT COMES TO THAT. ALREADY TOOK HALF FOR PROFIT @0.7700
PriceActionTrading
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Price broke above consolidation zone. Lets see if it holds.
PriceActionTrading
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08/06/2015 UPDATE : STOP HUNTING IN PROGRESS. PRICE TRYING TO STOP OUT LONG POSITION. WILL IT CLOSE BELOW CONSOLIDATION?
KEEP YOUR STOPS BELOW 0.7580 AND HOPE FOR THE BEST.
PriceActionTrading
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08/06/2015 UPDATE :
MARKET GAPPED UP. SHOWS RESPECT FOR THE 88.6% AND MARKET'S WILLINGNESS TO LOAD LONGS INTO THE MARKET.