Potential long AUDUSD wave from highlighted level

1 mai 2018

Orange lines - daily wave, classic ABC continuation
Green/Red lines - h1 exhaustion trading levels for the daily C point
Magenta lines - m15 exhaustion trading levels for low time-frame reactions

Our h1 expected turning point is 0.7470.
We've kept on the chart the arrow for our continuation play that failed - just a reminder there's no 100% in trading.
If you follow us in the forex chat room here, we just took the m1 long reaction from 0.7501 to 0.7514 partial tp - that is not however the big one we're after.
We expect h1 signals to form after the 0.7470 test sometime in the next 24 hours. Our expected movement is to 0.7750 with target area 2 at 0.7900.

22 mai 2018

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m15 selling pressure

22 mai 2018

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management point short side

22 mai 2018

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profit point short side
m15 extreme candle
"blind" long continuation position

23 mai 2018

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profit point 2 short side
"blind" long continuation position 2

25 mai 2018

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"blind" short continuation position 1
profit point for long continuation positions

25 mai 2018

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25 mai 2018

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management short continuation - not a lot of movement but enough for m1 to validate the down reaction

25 mai 2018

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7573 short intermediate tp zone :)

25 mai 2018

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m15 extreme candle
close short continuation position 1

4 juin 2018

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m15 movement complete and into a short reaction
only a small fraction of larger tf long positions should be kept here

5 juin 2018

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m15 short reaction validated into a risk free-trade
this 30 pip movement is not enough for tp given the RR requirements
short tp area starts around 7600

5 juin 2018

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m15 short tp1 and potential long continuation (7595)

5 juin 2018

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risk management and partial tp long continuation

6 juin 2018

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Tight trailer (7655) into a double top extension (7672)

6 juin 2018

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Continuation play done :)
There was an 8 pip loss yesterday on the 1st m1 attempt at this continuation

7 juin 2018

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short side tp
reduced size, "blind" continuation pos (7635)

15 juin 2018

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last "continuation" play of this move
weak m15

15 juin 2018

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weak m15 long management