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Audusdlongs

AUD USD LONG TRADE BASED ON MY STRATEGY AND RULE1. Am not trading against the 4hrs time am following the trend on the lower timeframe ENTRY OFF___1hr___ 2. My levels/zones are marked correctly so I know were price can reverse from before taking profit/entry. 3. Waited for candle to close on the____4hr_____ before entering this trade 4. Am not taking a full 4hrs Bullish/Bearish (OVERBOUGHT/OVERSOLD) candle 5. There is no News in the next 1hr during the time this trade was taken 6. Am risking 2% /1% of my account this trade____2%__
by PIPSWITHJULS
AUDUSD - Possible further drop Greeting fellow traders, Roughly about 3-4 weeks ago, price has violated the weekly demand zone by closing below 0.625 weekly support line. In addition to the newly created weekly supply zone (0.655 - 0.636). This suggests that sellers are in control. In terms of long term, there's a possible chance that AUDUSD might drop further ( to weekly support - 0.598). Whereas, in terms of short term - AUDUSD possible (bullish) retrace before dropping even further. Based on the illustration above, price has respected the weekly/ daily supply zone as well as broke and close below the upward trend line. This suggests that sellers are currently in control and there's a possible chance that price might drop even further towards to 0.6200. P/s: These are just my opinions and thoughts. Do not take this as a trading or financial advise. Do your own research. Thank you for reading. Blessed Trading everyone. Renee
Short
by WhozRenee
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