AUDUSD SHORT PROGRESS
Price punched below the weekly 20EMA. Now sits under as it now acts as resistance. There is another strong trend line price has hit 4 times before being rejected up towards more rejection W20. Sounds like my dating life.
My target is the daily 50EMA, and the biggest hurdle is in this trend change was the W20, and now the punching through this support zone (marked in red). but, this support is not very strong, like the support I received when I was a child.
Its about 500 pips I am trying to make. As I post this I know it doesn't looks so great, but just being patient. Now, we wait and see.. if anyone will ever love me.
My target is the daily 50EMA, and the biggest hurdle is in this trend change was the W20, and now the punching through this support zone (marked in red). but, this support is not very strong, like the support I received when I was a child.
Its about 500 pips I am trying to make. As I post this I know it doesn't looks so great, but just being patient. Now, we wait and see.. if anyone will ever love me.
Comment:
USD is a bit shaky at the moment, so this can hinder the movement
Trade closed manually:
I closed out at .68174 for the win. It basically went where I wanted it to go. I feel that this will take longer to reach the target only a few pips away, and there is a lot of support to break through as this region gets a bit choppy, and i want to be free to do other trades.