Ok, let’s look on AUDUSD transaction…using “KISS” system. ( Keep It Simple & Stupid).
Forex Day Trading Forecast AUDUSD for 12-02-2017
Easy week for easy transaction to make.
As planned, after a week on breakout, there’s our next few weeks of easy continuation. For this week, there’s 4 pairs to watch for :
USD: US Dollar showing strong “buying signals”, and it’s why I’m not going against USD pair for this one. GBP: With KIWI, taking easy for this week, GBP get stronger, it would be a great idea to keep our position in GBPNZD, and wait for next continuation. AUD:…Look like it start to be week, but, it’s not clear yet. How ever trading AUDUSD would be a nice idea. JPY: …planned 2 weeks ago, now it’s ready for our transaction. USDJPY, should be the winner for this week.
Let’s Plan our trade on AUDUSD for this week.
Before going on AUDUSD chart, let’s look how dollars index are doing.
What to look for?
Market Makers keep buying Dollars. Down Trend / Flag was broken. Break out it’s done, let’s wait for our continuation.
Now, let’s look on AUDUSD daily time frame.
What should you see and understand?
Look like, it would give us a continuation on daily chart. This why you should wait for Tuesday at least to see a short signal if there’s one. AUSSIE showing weakness in others pairs, looking for same here.
Let’s find our Entry point, Calculate our Risk, and find out when to enter.
AUSSIE look to go short for next days, but let’s keep it save! Better loose your entry, than make a loss.
Entry, there’s 2 area, now…if you like risk, but it’s better after it bounce back, and retest green zone. Stop would be above green zone or last high. For now…let it go…should keep drop for next 2 week.
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