In for a sell on AUDUSD. top down analysis and key levels played a big part in this trade. Back to basics with this one! Sometimes it pays to just be simple and strip back. see how this one turns out.
TP1 and SL are set, I'm looking to sell down to 0.64198
Looking for a sell entry on GBP/USD if price comes back up to the 1.24838 line then we're ready to enter down to 1.24081
TP and SL are set, we used our own risk management on this one so make sure you use a SL that fits within your risk management plan!
So... If you saw the last post on AUD/CAD we just got triggered out by SL. If you used correct risk management according to your plan and your SL was higher then congrats!
But direction was bang on and will continue to climb, anyone who got triggered out can re enter at the next resistance break
We're currently on the 3rd touch at this resistance. This is the highest price has been since 2012.
Can we break it this time or are we going to see more downside before it attempts to break through? I think we can get in for a sell at this current retest down to the current trend support on 1h and then maybe even the 1D support!
I'm currently set up for a short...
Looks like we're about to break up out of the current downtrend and here is a great price to get in at.
TP and SL are set to the trend resistance but I think it will push higher so maybe keep an open TP and use your own levels for TP. The SL should be safe where it is!
I'm already in the trade but you can wait for confirmation
Looks like a possible break out of the current downtrend and maybe some upside, we've already seen 1 fake out and are now at an area that is wedging.
TP and SL are set. I' not entering this trade just yet, I'll be looking for a better entry price and seeing if we have some drawdown first
I think we can ride the sell down to the retest line as we have broken out of a short term downtrend and are now following to it closely
TP and SL are set. Alternatively you could just wait for the buy after confirmation