SteveNixon

SteveNixon

A messy but none the less evident 2618 short 1. Double Top 2. Lower Low 3. 61.8 Fib retracement Possibly going south Suggested Targets and Stops on the chart Just an Idea - Trade your plan If this is informative in any way please give a like thank you Good Luck

SteveNixon Updated 

Potential 2618 Short trade on AUDUSD Ideas on Chart

SteveNixon Updated 

IF price drops to D THEN Look for reason to enter trade Long IF Target 1 hit THEN Roll stops to Zero for "Free" trade on Target 2 Trail stops when possible This is just an idea - if you trade it do so according to your trading plan

SteveNixon Updated 

If price reaches D Then Short to B for target 1 If Target 1 hit Then roll stops to zero for "free" trade on Target 2 If you get lucky Then trail stops for maximum profit Good Luck Happy Trading

SteveNixon Updated 

Possible opportunity to short GBPAUD Wait for it to reach D then look for reason to open short position according to your trading plan

SteveNixon Updated 

If 61.8 retracement of latest move down Then open Short around 0.7625 Sl 0.7655 Target 1 0.7588 Target 2 0.7540

SteveNixon Updated 

DOUBLE BOTTOM HIGHER HIGH 61.8% RETRACEMENT TARGETS ON CHART

SteveNixon Updated 

1. Break of upward trend channel 2. Double test of support/resistance. 3. RSI Divergence 4. Good risk to reward ratio

SteveNixon Updated 

Possible 2618 Short trade Entry 1.071 Sl - 1.075 T1 - 1.066 T2 - 1.063 Good Luck