Get started
Australian Dollar / U.S. Dollar
Short

Aussie Voyage To 0.7000

By RCtrader2
Updated
The Aussie was basically rejected by MS2 at 0.7228 though it went lower than that, making a false breakout. My opinion on that is that the MS2 will be retested and a rectangle pattern could develop on the 4h and daily chart. The pattern could be between MS3 (0.7144) and MS2. On the long run, however, I see 0.7000 and lower if RBA and FED interest decisions will go into opposite directions. My goal is to short with entry width: 0.7341 - 0.7404. TP1 is 0.7235. TP2 is 0.7156.
Lots of winning pips to everybody!
Trade active
A good entry was achieved at 0.7381 and now I look forward to our target that is 0.7235.
Trade active
TP1 almost reached, I suggest TPing early.
Trade closed: target reached
TP2 reached on the 3rd of October, 2018.
AUDUSDHead and ShouldersTrend Analysis
RCtrader2

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.