If you took this trade when first posted i would suggest making it risk free with SL at entry. There could be a possibility that we could drop through trend here. But this zone is usually a level where price reacts. If we drop though then we should see a deeper retracement. If it holds then we are still good to hold. Its friday anyway so always good to make it risk free ready for the weekend ahead. Hope everyone’s had a good week and enjoy your weekend. GLIYF
Friday i talked about audusd and moving SL to entry. Luckily so far this week we have been fine and it looks like price has held the support zone . We have a bullish candle so far this week opening. To me it looks like were still on for some more bullish action. We still have the possible double top formation to contend first. thats the big obstacle. 80 pips profit currently so keep holding if you followed. GLIYF
AUDUSD is looking good so far folks. We have hit over 100 pips in profit which makes that just over 1:1 R:R ratio so far. So ideally this is the time to close half of your positions and just let the rest do whatever it does as a runner. The level of .693 held well and we are currently just over 70c price point. This is the moment i anticipated, and its crunch time. we will either drop back from, here or we will push through 70c and then test that level for another push upside. Banking profits again is the best idea for now. GLIYF
Todays update is back on AUDUSD , price is still respecting trend, since hitting the resistance of 0.703 we got a small pullback to the trend, now we are seeing another push up. Will this be the break to create a new high/ i think so its looking good, we are currently 130 pips in profit with a good view going forward to hit projection. Moving averages have flipped and show a nice bull trend with nice equal spacing. Once we break this high we could even stack entries on the next pullback in price, but for now lets stick with the entry we have. Should of been risk free last week when i mentioned to do so, just keep holding. GLIYF
TP was hit on AUDUSD two days ago. Been travelling so reporting late today. Great 280 pips in the bag for us there. Took a while but if you held well done you got the reward. The bull does look strong on AUD still. There could even be a new opportunity in this current pullback to enter a fresh new position in the circle outlined, trend and horizontal support for a small stop loss low risk position, tp1 will be equal highs tp2 would be the -.382 fib level. hope everyone has a good weekend GLIYF
Projection was reached last time i looked at AUDUSD . We got just under 300 pips which was a nice return. Price managed to break above the level and make a new high. But now weve seen a little bearish price action, so im looking for another entry just about 0.70c we broke trend so i would like price to pick up some support on the moving averages and the horizontal support level as marked out. Should be plenty of support if it makes it down there ready for another push north for the next level to break for me is 0.73c. GLIYF
Today is an update on AUDUSD . Previously i marked the zone below for the buy to get in on the bull. But it still seems very strong to me. Weve got what looks like a classic break and retest of trend. But with August being a slow month i cant see price coming back down that far. So im updating my buy to this current zone thats close by. Over the next couple of days look for exhaustion in price and it could be a nice time to buy in again. I think once Sep hits then it may continue in its bullish form which we dont want to miss. look for support forming on the 1H/4H is what ill be looking to get in on. GLIYF
Nice, please also share live account performance results so we can see how your predictions work on distance.
Looking back on AUDUSD today, previously i changed to the higher zone for entry and we got a nice signal. You should of entered after the daily pinbar candle and where it touched the top of the marked out zone. Currently we are over 100 pips in profit and you should of moved your stop loss to entry or in slight profit to make it risk free. Looking to the zone above for the next rest stop for price. The big thing with this pair is when looking left even on the daily we see no congestion, plenty of room for it to move up into. Should of been a nice easy one for you all that one, dont forget to lock in those profits. GLIYF
Looking for a higher high. The 200 pip move in shorting Eur/Aud this week would suggest that this strength is far from a fluke.