AUDUSD short entry zones: AU retrace to scalp

2018年11月9日

AU looks to have completed a 5 wave impulse move up and ready for correction.
The Red zones are possible short entry opps, where I will be looking for a reversal pattern.
The Green zones are possible take profit areas, where I will be closing most of position and letting some ride to next possible support.

Background:
I am a longer term AUD bear, anticipating a serious drop yet to come

Since then I have been looking for shorting opportunities such as this recent plan

After a nice ride down, I went long which worked out very well

My last plan was to look for one last leg up and then start shorting

I did go short at the top red zone in above plan, and now looking for more shorting ops with this current plan:

2018年11月13日

註釋

Another zone hit. I think it may be preparing for a bounce now, evaluating these last moves

2018年11月13日

註釋

Wow, check this out: low on candle was .71642, by zone boundary was .71647. Dang it, off by a HALF a PIP. Will try to do better next time