Long

Updated

AUDUSD; My Price Action Secret For A Higher Hit Rate

Hey Traders,

The current trading setup we find ourselves at on the AUDUSD is one which displays many characteristics of a proper and professional trading plan.

You can see various times we have hit this levels and traders have formed a long bias. You can see therefore clearly that this area is preferred as a price to buy within the last 5 months.

This is what price action is all about; Seeing what has happened before and making a judgement for it on this basis.

You can repeat this if you DCA (Dollar Cost Average) further down on a price fall to key price action areas (long term longs).

Do this and you will find your hit rate rises.

Ask Qs below.

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Getting long now at current price action zone.

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Also to NOTE: We have hit the level various time so you can take MED Risk.

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Further light DCA entries appropriate at labelled Long zone 2

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Mega news day tomorrow, keep watchful eye over long entries 1 and 2.

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.65 Ultimate DCA level with minor PA.

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Still maintaining long positions on early PA Lower TFs

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Out for long gains X2, relongs light .655

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Entered early light longs on re push lower TFs.

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Exit for
Longs exists far higher up.
Lock in gains (trailing / ITM)

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Out for gains on trailing stop, re long now

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KEY News coming out today. Keep eyes on AUDUSD. Exits come higher.

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Lock in Part gains on the upmove and leave remainder.

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Exit for full gains.

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Minor light shorts entered

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Exit shorts for gains looking lightly long into Monday.

Various gains taken throughout updates!

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Various resistance levels in the way of direct move to higher tf resistance.

For this reason you may either HOLD or have various exits.

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So now comes managing the further move. Post to come so stay tuned.

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Oh and into Monday close out light shorts from impulse rebound

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Likely any natural market move will take some time via weekly. Only light entries long just taken.

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Market slow due to no sentiment. Await pickup as news moves in to the markets.

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Out of light longs.

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Very light re longs appropriate (with weak PA lower tf noted). Ease in carefully

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very light due to Harsh downside PA. More reasonable longs come at further PA levels (again see new post that is coming)

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Exit any light longs and stay holding off. Lack of sentiment tomorrow so may rely on THURS market moves

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Watch for any CPI impulse moves. Very very light short entries applicable

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Out of shorts on impulse.

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Longs only lower than PREV low ( no local Pa)

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Very minor impulse via lower tfs. Awaiting lower drips.

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Light dips and light longs appropriate.

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Lock in gains.

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Maintaining long bias.

WillSebastian

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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

WillSebastian

Free Pro Multi Asset Trading Guide:

bit.ly/learnttm

Free Discord Secret Server:

discord.gg/tXAcxFVCJU

Posts Not financial advice.

Also on: