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Audusdsell

AUDUSD First Target Hit +500 Pips...Update on the BUY position on this pair on Friday we hit the first easy target for the position which was the previous weekly swing low in the current downtrend. You can read the related post to find out the reasons for this entry as it's went exactly as expected reacting well @ the weekly DEMAND/BUY level at 0.62 which is were we entered with 500 pips profit banked the position is closed Final target looks to be the weekly SUPPLY/SELL area aroun 0.68 we could well get a quick rally up here early this week and then a SELL off you should be looking for selling opportunities as price approaches 0.68 above would be a bad idea to buy into this area. If looking to buy would wait for a pullback to 0.65 and under :) You can learn alot my reading through my related posts you will learn how to find huge opportunites that produce trades that bank hundreds of pips at a time.
Long
by TheFxAce
1
AudUsd reached my target, now what?In my 19th Oct analysis covering AudUsd, I ve written that a bottom can be in place for this pair and a rise to the 0.65 zone is very probable. Yesterday the price reached my target and now we may wonder what's next. Looking at the posted chart we can indeed see that 0.62 is a bottom, marked by multiple reversal candles and candle formations, however, the overall trend is grossly down and this, on the bigger picture is just a correction. With this in mind, from now on I will start looking for selling opportunities above 0.65 Technically speaking, an ideal place to sell is the zone between 0.66 and 0.67, and, with a target at 0.6350 support and a stop loss above 0.6750 we can have a more than 1:2 R: R for such a trade. My previous AudUsd analysis:
Short
by Mihai_Iacob
15