AUDUSD Weekly Trade Analysis

AUDUSD > 10/8-13/17 Trade Analysis
Timeframe: 1W

Pair broke below support @ 0.7807 with MACD showing bearish divergence, expecting further decline toward 0.7727

A firm break and hold below 0.7727 would signal good possibility of further decline toward 0.7633 level.

Expecting bearish trend to continue with price needing to remain below 0.7820 for continual confirmation.

A firm break and hold above 0.7820 would indicate bearish trend is weakening. Firm break and hold above 0.7874 would serve as indication that bearish trend is complete and a reversal would come back in play.

* Personal analysis only. Please use your own rules and strategies prior to entering market.

** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.

Kommentera:

SELL Stop Order placed
Entry @ 0.77598
T/P @ 0.76652
S/L @ 0.78544
Target = 94.6 pips

Handel aktiv

Kommentera:

Consolidating. Expecting rise up to 0.7820 level +

Setup decline anticipated

Kommentera:

T/P changed to 0.75382

Kommentera:

SELL Stop Entry placed
Entry @ 0.78186
T/P @ 0.77056
Target: 113 pips

1 Sell active
1 Sell pending

Kommentera:

T/P @ 0.77056 on both Sells

Kommentera:

Sell Stop Entry order cancelled

Kommentera:

SELL Stop Entry placed @ 0.77654
T/P @ 0.77056

Kommentera:

Sell Entry cancelled. I will re-enter this 2nd Sell after pullback is complete so as not to get in a "chase" mode!

Kommentera:

Watching next main resistance @ 0.7835. If firm break/hold above this level, will wait till later in week to monitor trend analysis.

If price stays below 0.7830 at AUD market close, 2nd SELL entry likely.

Kommentera:

Longterm T/P @ 0.76283

Trade stängt manuellt:

Trade closed
TP @ 0.76546
Total P/L = +105.2 PIPS