Massive MACD divergence on H4.
Decent triple top on H1-H4.
Daily rejection of key level.
FIRST TRADE PLACED ON MY NEW TRADING ACCOUNT. 2% RISK. LETS GO
Hi guys,
In effect, this is an extension of my aussie trade posted pre-Trump (26th October 2016) in which we bagged 500 pips.
AUDUSD has seen rapid recovery off the back of both dollar weakness (mainly due to lack of details of the US administration's economic plans) and rapidly rising commodity prices, in particular iron ore (/it has rallied 10% recently,...
Didn't short this because The daily momentum was too strong. But if the daily candle closes as low as now, arround 0.72. I will be looking to short on Monday 27th of Feb.
USD has been gaining a lot of strenght and NZD will be getting really week soon.
TRADE SAFE AND HAVE A GOOD WEEKEND.
As AUDUSD approaches a heavily respected Resistance at 0.77196 which has failed to be breached since 2015 early 2016, breaking price 0.7600 will push price back into its intra-day short
AUD/USD Weekly
WAVE C SETUP. Looking for price to print above my baseline to test the .80000 for wave C. Price Broke and closed above the TL. Looking for the retest of the TL for possible reentries to the upside.
In June 2013 (Green circle) price broke below the 200 EMA and an important support level 0.9650. Price made a low and retraced back up to retest this key support now turned resistance in October 2013 - failing to break above this level and creating a lower high. Since then, price has been in a downtrend creating lower highs (yellow box's) and lower lows (blue...
Im entering in a short position looking for 2 main targets!
Target 1- 0.75200 with 1.75 risk reward (stop loss 0.77200)
Target 2- 0.73600 with 3.84 risk reward (stop loss 0.77200)
Enjoy!
Albx
I have been waiting for this Aussie to hit this level for weeks. I'm all over this short. Very high probability setup. Although we always have to keep in mind that even those can fail sometimes :)
Stop above the high at 0.7800 and target at about 0.7525. Nice R/R too!
