AUDUSD - Trade Scalp for today 8th March, 2016

AUDUSD - Trade Scalp for today

Above is the 15 min chart

Hit support at 78.6 fib from yesterday low to high, which is confluence of the S1 daily pivot and also a expected level of support / supply demand area.
- I've drilled into a 5 min chart and even looked at a 1min chart to have a very good entry as I have setup an alert when price hits the 78.6 fib
Only risked 6 pips.

Will trail it once it hits 20pips+
Targetting around 30pips

Risk Level __

Tips -

Always take note of any economical news event on our provided calender below

AUDUSD - Trade setup for 7th March, 2016

AUDUSD - Trade setup for 7th March, 2016

15 Minute Chart

Outlook Trade opportunity

1) Short - counter trade so half your usual size risk. also only targetting 1:1 just to be safe

2) Long - Looking for price to go to .7370-80 and see what sort of pattern or price action we get for confirmation to long it for at least a 2:1 reward to risk

Risk Level High and Low

Tips -

Always take note of any economical news event on our provided calender below

AUDUSD - 2nd March, 2016 - Want to learn more or follow my trades?

AUDUSD - 2nd March, 2016

Hourly Chart

• Risked 50pips, and gained 110+pips
• Just briefly, this is what I took the trade with confidence
• Bounced of Ascending Trendline (from 4hr chart and third bounce)
• fib 78.6 confluence at the bounce from trendline
• Daily Chart Bias is bullish
• US session formed a 1.hr hammer candle to further confirm the buyers are back.

IF you want to learn more, or would like to trade with me, please contact me on facebook.

Safe trading!

Cheers

Howard Tsang