AUDUSD Looking Good in the Range

06 Mar - AUDUSD Daily

(Click on image for larger view)

Hi All,

Just a quick update on AUDUSD. As mentioned on 3rd March (see article), I was looking for this pair to reverse on a nice support level (Green arrows) around 1.02 before it moves back into the range market.

And so it did… In fact, this pair made a nice – long tailed, small body – low test bar on Monday followed by a bullish – small tailed, long body – trend bar. Any thing can happen in the market but this set up is one of the few occasions where I would definitely call a Text Book set up.

If you missed this trade, make sure not to chase it, I recommend waiting for the next pull back before going long again. More importantly, make sure to follow your rules.

Thank you for reading and happy trading.

 

White Space

Because TYE is Still Growing…

Sign Up for the newsletter to get TYE’s trading ariticles.

We value your privacy and would never spam you

White Space [/s2If]
Divider Grey  

Cover TYE Page

Make sure to check out my ebook on Trading the First Pullbacks - A simple Price Action Guide for Market Pullbacks That Works

See what Amazon readers say

  Divider Grey

Leave A Response

* Denotes Required Field