AUDUSD - Bearish Shark at $0.8095

20 sept. 2017

Hi guys, was flipping my charts around and saw an interesting setup on AUDUSD.

This is a bearish shark which is about to complete very close to $0.81.

This is how I will trade this.

How to trade the bearish shark setup on AUDUSD?

1) Wait for price to hit PRZ level around $0.8090 -$0.81
2) Lookout for volume divergence around this level (Price hit $0.81 but volume drops considerably)
3) Enter after price completes a bearish candlestick pattern which closes on the low

EP: 0.81 (Very close to this level, no reaction at this PRZ level no trade)
SL: 0.8150
TP: 0.7980

21 sept. 2017

Transaction en cours

Went in after the red bar completed after fomc around 0.8050. Hoping for a nice ride even though I did not bother to find out what was the news during fomc. I set my TP to open and am willing to hang on to this for awhile.

21 sept. 2017

Note

Adjusted my TP to 0.7815

26 sept. 2017

Note

Still moving down nicely. I will be taking profit off my positions at 0.7815 - 0.7820.

28 sept. 2017

Trade fermée: cible de profit atteinte

Target at 0.7815 nicely reached. +235pips