AUDUSD - 15m - Approaching Killswitch?

11 בפבר׳ 2016

If you do the higher timeframe analysis you will see on the 2H-4H we just broken an upward channel that was approaching the upper band of a daily timeframe downward channel.
We have room and expect one more big move to the downside. So we might see a breakdown from here one way or the other. Its a good place for a small short with runaway targets of hunderts of points assuming that the market never comes back to this zone for a longer period of time
runawaytargets COULD be as low as 0.63 if we want to see if full downside wave. so potentially 50-100:1 on TG2 depending on your entry.

11 בפבר׳ 2016

הערה

Im already short on the 3m based on the retracment to the Doubletop we had(small position) TG1 is 7062 for 1.5:1 and then TG2 runaway for a potential breakdown from here.
i look to add to the position if we break the trendline or if we find other suitable short signals.

11 בפבר׳ 2016

הערה

nothing to win on the first attempt since the market pressed higher. lets see if we can find and entry further up below the trendline.

11 בפבר׳ 2016

הערה

short below the triangle that formed after the breakout of the trendline.

11 בפבר׳ 2016

הערה

currently looking to add to the position if we break the consolidation on the 1 minute below the original trendline to the downside. all first targets at 7050 area