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

Australian Dollar/U.S. DollarFXCM

Huraian

⋅ 29 Sep 2016 pukul 00.10

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.

Dagangan aktif

⋅ 29 Sep 2016 pukul 00.14

Breakout!!
Order Filled. Tight Stop. Enjoy

Dagangan ditutup: hentian tercapai

⋅ 29 Sep 2016 pukul 00.55

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

Komen

⋅ 29 Sep 2016 pukul 00.55

Komen

⋅ 29 Sep 2016 pukul 04.48

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:

Komen

earthkamol

⋅ 29 Sep 2016 pukul 04.51

Thank for sharing, I love and follow your analysis. I think it is still valid for short, you just stop it too early.

glennmercer

⋅ 29 Sep 2016 pukul 04.55

Thanks EK! Short is absolutely still valid, I have entered a short at a higher price as shown in second comment. Cheers!

earthkamol

⋅ 29 Sep 2016 pukul 05.01

Great ^^ Good luck for BEAR !!

Hanu727

⋅ 29 Sep 2016 pukul 05.29

Hi Glen, nice AU set up. Where's. your SL at on this trade?

Thanks for posting

glennmercer

⋅ 29 Sep 2016 pukul 05.32

Hanu, thank you. I have a SL placed at .7711. Cheers

-Andrew-

⋅ 1 Okt 2016 pukul 12.12

Great setup

glennmercer

⋅ 1 Okt 2016 pukul 13.35

Thanks Andrew, Cheers

Lebih