AUDUSD short Idea: looking for a scalp on AU
Updated
Looking for a quick short.
Fundamentals say down (China deval, Aussi CPI with a bit of a miss, etc).
The grey zones on the chart are from my Fib Zone plot:
Fundamentals say down (China deval, Aussi CPI with a bit of a miss, etc).
The grey zones on the chart are from my Fib Zone plot:
Note
Approaching my short entry zone.Timing is a little early, was hoping for US open window. Watching closely.
Trade active
Shorts fired, fingers crossed.Gold is still climbing, but looks to be peaking.
And gold price has strong neg correlation with AUD.
Note
Looks good.Got a rejection exactly where expected.
Not sure this will drop to TP, but gotta wait now.
Note
Cool, just jambed SL to BreakEven.Note
Argh!That bounce off the .382 was expect-able, but strong enough to be worrisome
Note
Nervous about this bounce.So have jambed my stop at BE
Note
Hoorah!My SL survived, for now....
Note
Hmm, that darn support zone.Might hold it. SL still at BE, hoping it survives the inevitable bounce off support
Note
Hoorah. AU broke the pesky zone at .74122, next stop should be .7400 round, hopefully a stop hunt below Note
Argh, bounced back about the zone.Closed 50% of position with some profits.
SL and BE on remaining 50%,hop[e it survives until NY open
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