AUDUSD ANALYSIS
Updated
HELLO ALL,
AUDUSD, ON MY PREVIOUS CHART, I EXPLAINED MY VIEW ON THIS PAIR ON GOING UP TO RESISTANCE AND TO LOOK OUT FOR A POSSIBLE BREAK OUT FROM THE .6682 AREA. LAST NIGHT (CENTRAL TIME) I HAD AN OPEN BUY WHICH HIT MY SL WITH A 29 PIP LOSS, AND THEN I OPENED A BUY FROM .6600. RIGHT NOW, THE PAIR SEEMS THAT IT WANTS TO TEST THE AREA OF 66.80'S AGAIN. MY PAIR IS STILL OPEN AND IM LEAVING IT OPEN INTO THE ASIA MARKET TO SEE HOW IT PLAYS OUT.
IF ANYONE IS IN THIS LONG, MANAGE YOUR SL ACCORDINGLY. MY CHARTS ARE FOR YOU ALL'S GUIDANCE, YOU ALL DETERMINE YOUR ENTRIES BASED ON FUNDAMENTALS AND PRICE ACTION. I POST MY ENTRIES, TP AND SL BASED ON WHAT MY VIEW IS AT THE TIME. RISK MANAGEMENT AND PATIENCE ARE YOUR BEST FRIENDS WHEN TRADING.
REMEMBER, YOU ONLY NEED TO BE 50 % WIN RATIO TO BE PROFITABLE IF YOU ARE A 2 TO 1, 3 TO 1 OR 4 TO 1 TRADER, SO SL DOESN'T HURT IF YOU ARE USING RISK MANAGEMENT ACCORDINGLY, JUST REGROUP, AND RE-CHART.
GOOD LUCK TO ALL!!!!!
IF YOU LIKE PLEASE GIVE A THUMBS UP AND ALSO COMMENT YOUR OPINIONS AND IDEAS, THANK YOU!
AUDUSD, ON MY PREVIOUS CHART, I EXPLAINED MY VIEW ON THIS PAIR ON GOING UP TO RESISTANCE AND TO LOOK OUT FOR A POSSIBLE BREAK OUT FROM THE .6682 AREA. LAST NIGHT (CENTRAL TIME) I HAD AN OPEN BUY WHICH HIT MY SL WITH A 29 PIP LOSS, AND THEN I OPENED A BUY FROM .6600. RIGHT NOW, THE PAIR SEEMS THAT IT WANTS TO TEST THE AREA OF 66.80'S AGAIN. MY PAIR IS STILL OPEN AND IM LEAVING IT OPEN INTO THE ASIA MARKET TO SEE HOW IT PLAYS OUT.
IF ANYONE IS IN THIS LONG, MANAGE YOUR SL ACCORDINGLY. MY CHARTS ARE FOR YOU ALL'S GUIDANCE, YOU ALL DETERMINE YOUR ENTRIES BASED ON FUNDAMENTALS AND PRICE ACTION. I POST MY ENTRIES, TP AND SL BASED ON WHAT MY VIEW IS AT THE TIME. RISK MANAGEMENT AND PATIENCE ARE YOUR BEST FRIENDS WHEN TRADING.
REMEMBER, YOU ONLY NEED TO BE 50 % WIN RATIO TO BE PROFITABLE IF YOU ARE A 2 TO 1, 3 TO 1 OR 4 TO 1 TRADER, SO SL DOESN'T HURT IF YOU ARE USING RISK MANAGEMENT ACCORDINGLY, JUST REGROUP, AND RE-CHART.
GOOD LUCK TO ALL!!!!!
IF YOU LIKE PLEASE GIVE A THUMBS UP AND ALSO COMMENT YOUR OPINIONS AND IDEAS, THANK YOU!
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TRUMPS COMMENTS ON CHINA AND HIM COMMUNICATING WITH CHINA IN THE AM (CENTRAL TIME) HAS CAUSED MY DECISION TO CLOSE AT .6634....
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