AUDUSD - STILL LONG
Updated
Display: 
AUDUSD
Description: As shown above we haveAUDUSD . Price is currently Bullish , I Posted this pair just over a week ago expecting a possible bounce on
Weekly Support/78.6. TP one has been fulfilled with 100+ pips left to hit TP 2, currently we are tapping on Monthly Resis 0.77400 i do expect a break and a Bullish close
above this area would still validate TP 2 i would then look for a possible retest of Monthly Resis [ then support ] or even a poke back into Weekly Resis. I would then look a
continuation setup on this pair.
However if we fail to close above Monthly Resistance or just spike through, my Bearish setup would consist of bounce on first RED TL on previous Daily Resis/Structure a
break of that a move to the Long term RED TL possible correction to follow.
Duration: Long Term
Decision: Already Long I'm awaiting a break of Monthly Resis possible structure to be created there with more upside.
Thank you for viewing my idea. Remember all my ideas are for my Personal Journal.So If you decide to take this trade,please leave a comment and a thumbs up. I will be happy to stay in touch to see how the setup is planning out.
Your also welcome to post you analysis below.
Remember to always trade your stratergy... Happy Trading
Useful Information:
TREND: Bullish
INDICATORS: N/A
ATTACHED CHART : YES
AUDUSDDescription: As shown above we have
AUDUSD . Price is currently Bullish , I Posted this pair just over a week ago expecting a possible bounce on Weekly Support/78.6. TP one has been fulfilled with 100+ pips left to hit TP 2, currently we are tapping on Monthly Resis 0.77400 i do expect a break and a Bullish close
above this area would still validate TP 2 i would then look for a possible retest of Monthly Resis [ then support ] or even a poke back into Weekly Resis. I would then look a
continuation setup on this pair.
However if we fail to close above Monthly Resistance or just spike through, my Bearish setup would consist of bounce on first RED TL on previous Daily Resis/Structure a
break of that a move to the Long term RED TL possible correction to follow.
Duration: Long Term
Decision: Already Long I'm awaiting a break of Monthly Resis possible structure to be created there with more upside.
Thank you for viewing my idea. Remember all my ideas are for my Personal Journal.So If you decide to take this trade,please leave a comment and a thumbs up. I will be happy to stay in touch to see how the setup is planning out.
Your also welcome to post you analysis below.
Remember to always trade your stratergy... Happy Trading
Useful Information:
TREND: Bullish
INDICATORS: N/A
ATTACHED CHART : YES
Trade closed: target reached
TP 1 HIT 20 PIPS OFF TP 2Trade closed: target reached
TP 2 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.