Long

AUDUSD: Long entry

Updated

I'll enter long positions in this pair if we break resistance and reach the price I signal on chart: 0.71645
Once triggered, it'd be probable to rally to one of the 3 targets on chart, and potentially more.
For the time being, the cap resides at 0.72148, so after reaching that level it might be wise to monitor price action closely.
The odds are pretty good for this setup, considering the fundamental landscape, as well as the technical picture this chart shows.

Good luck if taking it,
Cheers.

Ivan Labrie.

Trade active

We have entered using a lower timeframe last night, in good profit and added this daily entry as well.
Good luck!

Comment

We took a short term retrace long and already hit tp safely, holding the core trend position, aiming for the top.

Trade closed manually

Closed all positions in profit earlier today.

Comment

Sideways for now, waiting.

Comment

Copper is forming an interesting setup, I wonder if we'll still see upside here, it looks like it for now, but very volatile.
Perhaps we can find better proxy pairs for this scenario (copper rally)

Trade active

I'm long AUDUSD again, will add if it retraces. Potentially a very sharp move up will come.
(entered yesterday)

Trade closed manually

This is a good exit for this long. Either close in full, close half or 75%, and trail stop to entry price...and/or trail stops using 1 ATR under each close.

Comment

All longs closed, I'm short from 0.75706 for the time being. We have closed under the red box (low volume resistance zone, so we could see continuation down.

Trade closed manually

I'm now short audusd from 0.75706.

IvanLabrie

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