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Audusdshort

[NEW TRADE ALERT] In We Go......So as per my last post (read related post) you will see this pair has went exactly as expected the market was clearly targeting the resistance located around the 0.71 area also the top of a Monthly SUPPLY/SELL zone. We have evidence that price was slowing inside this area by the way it was slowing grinding up and moving in a sideways distribution fashion on the lower timeframes all we needed to get into this trade was a SELL signal on the TRFX indicator. Which we have got across the board today and I have entered a position based on an 8 HR signal stop loss is located around 0.73 and first target will be the previous swing high in current move located at 0.69 with a final target being the 0.66 - 0.67 area. As the position moves in my favor I will use a trailing stop as we move down. Hope you enjoyed the post happy trading :)
Short
by TheFxAce
3
Time To SELL ??We are deep inside a Monthly SUPPLY/SELL zone with a strong resistance located @ 0.71 thus now is a good time to start to look for a sell signal for a move down to test the newly formed WEEKLY DEMAND/BUY zone starting at the 0.66 area. What I expect to occur over the next period is maybe a spike up to test the 0.71 the market may spike above it as could be an area where there may be some liquidty, I will wait for my TRFX indicator to give me a signal on a chart between 6hr and daily chart only then will my sell trade to be confimed. Once in the trade we should get an easy drop down to the 0.68 level which was a previous HIGH in the current uptrend this is the first easy target for the position second target will be the weekly DEMAND/BUY zone this will also be a good area to look to buy this pair again for a move up towards the 0.73 area. Enjoy
Short
by TheFxAce
16
AUDUSD-Hello Traders, hope you all are progressing and improving everyday so am I, here is quick look on #audusd the pair has been bullish ever since we had NFPs and CPI data, however, as we are expecting DXY to be bullish, in our opinion there is higher probability of dxy to be bullish in coming days and hey, trading is all about proability and knowledge right?. So let's use this setup to book some profit. -What you all think about this pair? -It would be really appreciated if you can show the support by liking the idea and following us!!!
Short
by Setupsfx_
20