AUDUSD 0.77940 + 0.19 % SWING IDEA * LONG TERM PERSPECTIVE
Updated
Hello everyone
Hope you guys are good, here's a swing idea on the AUDUSD PAIR looking at it from the 4H chart.
* The pair broke out of a descending channel which saw a rally with the bulls to resistance level 1.80103
* Saw strong momentum with the bears to the downside and currently the pair is trading in a bear flag, great opportunity for intra- day traders
to capitalize on the roof and base of structure.
* looking for the pair to rise and test 61.8 % FIBONACCI level as this level is the level aligning well with structure before we see a move with the
bears.
* Targeting both Fibonacci extensions
* follow your entry rules on entries
* significant moves with the bulls change the plan.
lets see how it goes.
AS ALWAYS PROPER RISK MANAGEMENT AND A LOT OF PATIENCE & AGAIN many stars must align with the plan before executing the trade, kindly follow your rules.
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Hope you guys are good, here's a swing idea on the AUDUSD PAIR looking at it from the 4H chart.
* The pair broke out of a descending channel which saw a rally with the bulls to resistance level 1.80103
* Saw strong momentum with the bears to the downside and currently the pair is trading in a bear flag, great opportunity for intra- day traders
to capitalize on the roof and base of structure.
* looking for the pair to rise and test 61.8 % FIBONACCI level as this level is the level aligning well with structure before we see a move with the
bears.
* Targeting both Fibonacci extensions
* follow your entry rules on entries
* significant moves with the bulls change the plan.
lets see how it goes.
AS ALWAYS PROPER RISK MANAGEMENT AND A LOT OF PATIENCE & AGAIN many stars must align with the plan before executing the trade, kindly follow your rules.
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If this idea helps with your trading plan kindly leave a like definitely appreciate it.
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