daytradersfx
Short

Short term (75 pip) trade- bear flag

FX:AUDUSD   Australischer Dollar/U.S. Dollar
This is a pretty clean pattern, I got in once already and took some profit. Now looking for a quick move down to recent lows.

WHY I LIKE THIS TRADE:

1) there's a clean clear bear flag , these are great set ups!

2) Symmetry lines up perfectly with past lows (measuring the previous movement against the current movement, profit target method)

3) The recent move lower retraced 38%, that's great fib retracement for a continuation of the downward trend

4) USD strength seems to be holding solid

5) because I waited 6 months for this pair to break out of a tight channel... it's about time!!

ENTRY DETAILS:

I want to find any reason to short this at a higher price than 7375, however a break below that level with a retest, I'll enter that trade for a move down to .7300.

Stops will be above 7420.
Waiting for NFP before taking position.
Antworten
Short 0.7421 sounds like good idea
Antworten
Deutsch
English
English (UK)
English (IN)
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Startseite Aktien-Screener Devisen Signal-Finder Kryptowährung Signal-Finder Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden