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glennmercer
29 Th09 2016 00:10

AUDUSD Short: The Wait is Over, Free Fall Ahead! Giá xuống

Australian Dollar/U.S. DollarFXCM

Mô tả

Hey Traders, it looks as though the correction is complete for this pair. If there is a new high, it will likely be very short lived and a re-entry will be the best option. I have my stop set tightly above highs with low targets around the .747 range. This drop could be swift and powerful, so strap yourself in and enjoy the ride.

Giao dịch đang hoạt động

Breakout!!
Order Filled. Tight Stop. Enjoy

Đóng lệnh: dừng lỗ

The wedge has continued! Looking for better entry from top of NEW wedge:

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Bình luận

Here's where the OPTIMAL entry was on this trade. There's a beautiful cross on two bullish trendlines that added huge resistance to the fifth leg. I missed this one unfortunately, but I entered shortly after with SL above highs. Here is a chart, updates to come:
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earthkamol
Thank for sharing, I love and follow your analysis. I think it is still valid for short, you just stop it too early.
glennmercer
Thanks EK! Short is absolutely still valid, I have entered a short at a higher price as shown in second comment. Cheers!
earthkamol
Great ^^ Good luck for BEAR !!
Hanu727
Hi Glen, nice AU set up. Where's. your SL at on this trade?

Thanks for posting
glennmercer
Hanu, thank you. I have a SL placed at .7711. Cheers
-Andrew-
Great setup
glennmercer
Thanks Andrew, Cheers
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