We make analyse from Price Action / Price Pattern , S/R lines & Trend Lines EXPECTING a BIG PRICE Movement Down..IF analyse is on target !!
>1. For AUDUSD approaching Trendline S/R formed since 2002. Remember TRADING is never 100% accurate.. >2. With analytics, we however FAVOUR a Break downwards of 1500+ PIPS to the low of 2012 zone . ENTRY will be via H4 / H1 – viz Pull BAR OR PRICE ACTION Confirmation ( Bear BAR etc!) >3. OBSERVE PRICE ACTION !!. Do a Counter Trend IF Market shows otherwise !!
A: SUMMARY – We will be preparing for a SHORT position ONCE PRICE breaks ZONE of 0.7160 to 0.70170. TARGET TP is a Possible 1500+ PIPS Move @ 0.5510 MONTHLY Chart : Down TREND / WEDGE . Price Heading towards 2002 S/R Line > See CHART :
WEEKLY Chart : Price BREAKING Congestion that was in place for last 8 weeks. Now PRICE is also at/near Weekly S/R !! > See CHART :
B: This Coming/Next WEEK Analysis: - GET ready, position for a SHORT whenPRICE breaks ZONE of 0.7160 to 0.70170. RIDE the SHORT Position for a BIG GAIN approx. 1,500+ POSSIBLE PIPS PRICE ACTION to TP target can take 4-7 months. SO RIDE OUT !! 1- ENTRY via PRICE ACTION watch. Viz H4 entry pull back to Support/TREND line. 2- OR Strong Price ACTION Signal , Big Bear Candle etc.. BE Nimble, as it might not reverse to Support-Trend line Before Trending down !! LETS have a GOOD SHORT AUDUSD . TARGET Profit 1,5000+ PIPS RUN !! 3-2nd POSSIBLE TP TARGET IF TREND HOLDS is at @ 0.5510 CHEERS .. Stay Nimble-TRADE SAFE !! Let the Market Do, WHAT’S It suppose to do !! Act & Trigger as and when Market Dictate, ie your SHORT ENTRY !!
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TRADE still ACTIVE ...APOLOGY notice my CHART StopLoss and TP TGT was reversed in settings..