AUDUSD : 100 pips trade | Forex Factory

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AUDUSD : 100 pips trade

  • #1
  • First Post: May 9, 2013 4:14am May 9, 2013 4:14am
A good opportunity for a 100 pips trade on the AUDUSD has appeared under the 4 Hour timeframe.

The current setup at the moment is set for a short, however long trades can be placed under certain conditions.

Why Sell

A continuous down trend line

  1. A falling trendline acting as a resistance which keeps holding
  2. Trend (long term) indicators are pointing down
  3. Extreme indicators are pointing oversold
  4. The pair completed a 100 pips up move correction, hence the up move may be over


read more about here

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  • #2
  • Last Post: May 9, 2013 3:07pm May 9, 2013 3:07pm
What a great trade that turned out to be.
The Trend/Wave/Extreme system strikes once again.
This trade earned 180 pips in less than a day moving in a straight down line.



Make sure you check the Trend/Wave/Extreme system here.
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