Trading using two pivots

I only use Fibonacci levels only for establishing the targets, the entries are established by a whole new principle (I recommend you to learn all the topic from start to finish).

You can sell if the price closes below the lowest rectangle area. That would be a short-term entry. I will make a post for Aussie as soon as possible. Selling at 38.2 level gives you no confirmation whatsoever.

Forex: AUD/USD, short term analysis

Despite the chaotic upside move, this currency pair stays in the downside bias, as long as the price is situated under the 0.7513 pivot level. For a confirmed sell entry we need a fall in price and a close below 0.7363 (below the green confirmation zone), targeting the 0.7310 level, if there is room for at least 40 pips from the entry to the target, if not - lower.

Thanks for your reply.

Forex: AUD/CAD, medium term analysis

live trade

AUD/CAD has just broken the both pivot level that separates the neutral bias zone from the bearish zone - 0.9824 and the confirmation level of 0.9761. My short entry was around 18 pips late but still has a good profit potential towards its target of 0.9589 (127.2 Fibonacci retrace level of the upside movement 0.97617-1.03967). Stop loss is placed on the nearest pivot level of 0.9824.