AUD/USD UPDATE
Updated
This is the update of the situation we had on AUD/USD. The first three green rectangles indicate a short in the market approaching. There after the market confirmed the move to the downside with the break below structure. After we got the break lower, in this area I monitored the pair waiting for a three step confirmation before taking the short (which is part of the strategy I use so I can't say it here because it's part of the mentorship program). My take profit levels are depended on FIB levels and imbalances in the markets. I do expect this pair to continue to the downside to go and take out the lows at around 0.77610 unless we get a shift into a buying pressure market. After the sell move has been completed I will monitor the markets to see if the next move will be a bullish move or continuation to the downside. I will keep updating when the markets have completed it's sell cycle. For more detail on how the strategy works you can send me a personal message and I will respond to each one of you. Good luck and remember to always use a proven profitable strategy. Always remember to use risk management.
Trade closed: target reached
Related publications
Disclaimer
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.