AUDUSD don't just follow the herd!

FX:AUDUSD   Australian Dollar/U.S. Dollar
578 9 22
The market is completing the weekly structure in several pairs like AUDUSD             and EURGBP             . I like to trade these pairs and just want to warn you all to be careful selling highs just yet. I'm not saying it won't go down but if you understand market dynamic you understand why the highest probability trade is just not there yet.
I gave several possible examples on how AUDUSD             might unfold but my favorite trade really is selling from higher levels (0785 ish             for August and 0.81 for complete structure). Structure will tell what to do so if it reverses I will join. However be patient because once market dynamic and structure are lining up the real money can be made (that's just not the case yet). Personally I made a lot of money buying others sells in EURGBP             and AUDUSD             the recent trading day's because we are not done yet. I play this simple, I buy bullish reversals from lower time frames up to my targets from. Place stop loss at break even when possible, we either make a new high and I make my profits or I get stopped out at break even and we most likely reverse. Then I adjust because although I have my ideal scenario's I keep an open mind at all times.

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Comment: Still playing the range so manage stops closely if you are short because it can reverse easily within this yellow box, watch for consolidations before trading the continuation. We have FOMC later today so be careful.
Exactly the chart I have been waiting for... keep the good work up...
+1 Reply
+1 Reply
Any updates to the following chart mate?
Classic Update..Thanks Mate!
+1 Reply
Anytime, good that you asked!
Sidd TimStuyts
Im looking at the weekly chart..Looks like its heading down big times
Sidd TimStuyts
Sorry Mate wrong chart
Longer term yes, but I like to see a test of 0.81 for the perfect short. Structure will tell.
Thanks Tim
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