FX:AUDUSD   Australian Dollar / U.S. Dollar
Sell on AUDUSD: Head and Shoulder pattern with trend continuation. Thereafter, buy bias.

Please share your thoughts if you disagree or want to add something to this outlook...you know what, just share your thoughts. I would be happy to learn from you.

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Comment: The safest entry I see is the retest of the 0.63520 range: wait of the breakout and retest of that small range. You can monitor that on the 15min chart or 1hr. Best set a price alert.
Trade active
Comment: Price just broke the trendline. Waiting to confirm false breakout.
Comment: If price closes above 0.63725, this idea is invalid.It means price is moving to 0.64555
Order cancelled
Trade closed manually: It seems my idea was right, but my setup was wrong. Price was in a range before moving in the direction we expected.

Discipline of a trader. I canceled this trade because my setup was invalid.
Trade active: This is another opportunity to sell. Price is back in trend, and at a pullback of 38.5%fib.
Trade closed manually: AUDUSD keep making unplanned levels. I still think that target is valid, so I set a buy limit. But I refuse to chase the price.

Comments

Suffered a 11pip loss on this. not too shabby. Now that price has shown its hand, would be looking for entry upside
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Yea, and check out my USDCAD idea, let me hear your thoughts
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Its good but your support resistance should he a little bit more up and wait for a neckline to crash
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@Boli666 hi...could you give me the correct level for the support? Let me take a look
Reply
Boli666 SwingingPrime
@SwingingPrime, 0,6242 - 0,6223 to cross more than 3 candels
Reply
@Boli666, yeah, would look out for that in my next setups
Reply
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