i think the current up movement is just a retracement from the massive down move that has been happening, I believe this will pattern will happen and then we will short AUDUSD.
Komen
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heading higher to complete pattern.
Komen
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going nicely to our tp ;)
Komen
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going nicely to our entry* ;)
Komen
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almost to target
Dagangan aktif
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Dagangan ditutup secara manual
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close here with a small loss, looks going a little higher.
I would put my entry point a bit lower, because it is out of the TL, if it goes there it has a higher chance of breaking out and then I would look for a buy setup, not a sell. I also see it coming down and this is a very good R/R trade if it will do it. Even if it goes higher, I am willing to take all of these trades because of the R/R. If it breaks to the downside, you can put your TP to 0.73, that will be hit. Good luck!
@Markame, I wish you good luck man! I will join you if it comes back into structure, makes an impulse down and a flag. I am not in this one because of breaking the TL to the upside and it's against my rules, so, if PA will not go back urgently into the structure, I will start to look for a buy setup.
Koryphaeen
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@Markame, but it's still a good R/R trade... if it goes down from here
Koryphaeen
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@Markame, that's a pity you closed it mate... it pulls back into structure so a downside move is the most probable now and I can see 3 wave structure upmove finished...
paulymat
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God I hope you're right, i've been watching chart after chart after chart calling the fall to .7333 for the last few days now and it just can't break 7.3900 @Markame
@Markame, Well now it's looking at going over 0.75xx i've had to put in a long to cover it at the moment... I've seen a lot of talk about the AUDUSD getting bullish which is scaring me a bit.
my view