jackmyattFX
Short

AUDUSD SHORT IDEA- AWAITING SOLID CONFIRMATION

FX:AUDUSD   Australian Dollar / U.S. Dollar
423 6 7
SHORT TRADE
-BOUNCE OFF KEY OUTER TRENDLINE
-A,B,C? TO BE CONFIRMED AT HOLD OF THIS LEVEL
-APPROACHES WEEKLY RES 0.7260
-FIB HOLDING 0.618 WHICH IS THE MAGIC RES LEVEL
-TARGETS AS SHOWN WHICH MARRY UP PERFECTLY WITH MONTHLY SUPPORT
Order cancelled: Signs showed upward trend
Switched to Long on this as clean break and close above the key outer trendline. :) Made decent amount of pips from the downward legs :)
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Still awaiting confirmation my magic number was intact 0.7260 but PA showing some indecision here. Bigger picture is a Long you can see an A B C AND D would be FIB 1 with the last higher high but theres also a possible short here.....as shown with the .618 fib and key trendline in red. Watching PA closely
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Wealth jackmyattFX
Do you teach forex?
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Not offically just trade and share my ideas. What about yourself?
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Wealth jackmyattFX
Nope I am not consistently profitable and i noticed you keep posting good setups. You must be making a fortune. I'd love to be able to analyse charts like yourself.
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Just abit of practise get your support and resistance levels on and trendlines and then go from there. :)
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