AUDUSD long scalp Idea: AU up a little more?

By EuroMotif

Updated

Quick scalp attempt on 15 min chart.

Note

No trade yet, watching this zone closely.

EXACT bounce from one of the boundaries would be first sign

Note

It just sitting exactly on the line

would have liked to have seen a bounce/pin , but watching. Low liquidity rest of this week, trading with micro lot sizes mostly out of boredom.

Note

Good enough, long fired

Note

My stop loss and take profit settings

Note

Kiwi is holding the Aussi back

If it does not bounce soon, I will cut my AU long off, cuz kiwi might drag it down here pretty soon

Note

Kiwi looks dead. I have cut my AU lose at Break Even for now, might enter again if NU shows signs of life

Note

Here is the ''EXACT'' reactions I like to see

Note

Lol, zooming in to the 1 minute chart (microscope)

There is not doubt this zone and its boundaries are relavent

Note

If Kiwi weren't so Krippled, I would be looking for AU to do something like this

Note

Looking good again.

and kiwi might have landed on two feet. Watching closely again

Note

Hoping Kiwi stops puking when it reaches this 4.236.

Aussi really wants to go but this flightless bird (NU) is definitely holding down AU rn.

Note

Finally, Kiwi may have found bottom at the 4. 0 fib, watching for uptrend signs now on the 5 min

Note

Pulled the trigger again

Note

Here we are at that line again

Note

Moves Stop Loss to Break Even at this stage

Note

Argh, stepped away and BE stop was hit.
Oh well, strike two, but no money lost.

Note

Third time might be the charm? entered again

Note

Stop loss just under the .236 fib now

Note

Stop hit with minor profit. argh, if I wasnt so bored I would not be trading rn

Note

One last try

looks like possible longs wipe out before making the real move up, or I could be wrong :( risking the minor profit from last scalp

Note

I screwed up on this one. I usually plot TWO possible entry zones and 2 possible exits. In this case, I forgot to show the second entry option at the 1.1618 like this

I know, this will see like in hingsight. But anybody familiar with my Ideas will see how I usually plot more than on option.

Note

AU still playing with this fib. and I sitll think a run at .73 is possible

but not trading due to US holiday and no liquidy in markets

EuroMotif

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag

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.