AUDUSD outlook - Page 17 - MyTradingLand.com

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@godspowerdan - 6 hours ago

Quoted - asuquokelvin

Just manage your risk well

Yeah I will hold it

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@godspowerdan - 6 hours ago

Quoted - nsg_usd

Price will likely start experiencing exhaustion at the current price level because of the internal resistance level at 0.6992. So, I'll be waiting for the buy opportunities at the 1hr support zone.
Entry: 0.6951
SL: 0.6930

Let's see how it goes

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@nsg_usd - 6 hours ago

Quoted - godspowerdan

Price missed my entry again. So I have entered the buys manually to take out the highs

Is the trade still running?
I'm not trusting buys from that level because of the internal resistance level at 0.6992.
That level will possibly replicate the 1hr price pattern.
A sell opportunity will be presented if price invalidates your SL level and flips the minor support level 0.6980 and retests the level as a resistance.
Entry: 0.6979
SL: 0.6993
TP: 0.6951 (To fill up the weekly gap.

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@asuquokelvin - 5 hours ago

Quoted - godspowerdan

Yeah I will hold it

That's okay but remember to cut your losses, so you don't end up I big loss that will give heavy drawdown on your account

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@godspowerdan - 5 hours ago

Quoted - nsg_usd

Is the trade still running?
I'm not trusting buys from that level because of the internal resistance level at 0.6992.
That level will possibly replicate the 1hr price pattern.
A sell opportunity will be presented if price invalidates your SL level and flips the minor support level 0.6980 and retests the level as a resistance.
Entry: 0.6979
SL: 0.6993
TP: 0.6951 (To fill up the weekly gap.

Yes I am still on the trade. I am in loss already

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@nsg_usd - 5 hours ago

Quoted - godspowerdan

Yes I am still on the trade. I am in loss already

Are you holding till SL? or will you likely cut short your losses?

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@godspowerdan - 5 hours ago

Quoted - nsg_usd

Are you holding till SL? or will you likely cut short your losses?

I took a loss already. The buys won't hold any longer

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@nsg_usd - 5 hours ago

Quoted - godspowerdan

I took a loss already. The buys won't hold any longer

Alright.
I've executed the short setup.
Entry: 0.69772
SL: 0.69932.
Idea: spotted the 30mins hanging man candlestick pattern (bearish pinbar) at the flipped zone which signifies that buyers were not able to flip back the price level to a support level.

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@godspowerdan - 1 hour ago

Quoted - nsg_usd

Alright.
I've executed the short setup.
Entry: 0.69772
SL: 0.69932.
Idea: spotted the 30mins hanging man candlestick pattern (bearish pinbar) at the flipped zone which signifies that buyers were not able to flip back the price level to a support level.

Yeah the sells are now valid

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