December 18th AUDUSD FX Chart Analysis

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I will begin AUDUSD Chart Analysis for December 18th







This shows 30m candle chart for EURUSD yesterday.

The trend changed from B-> A -> B

After a fall, it dropped to the indicated position.

It could have been profits for both sides.

It is $296 point profit only for long position.

It has been long time to see this much profit.
Congratulations to you all.







This is AUDUSD 30m candle chart.

I brought short position trading strategy.

To briefly summarize,

1. Please check route A & B with A long position / B short position entry timing and price points.

2. Route A : Please check the long position entry point. If it goes down below, please check route B. If you manage to get in, please see if the price goes above the final parallel resistance line. If it leaves tall shadow without reaching out, please switch into short position.

Please also refer to the blue finger pointer.

3. Route B : After a rebound, please see if the price touches the resistance line for 1H candle chart. If it touches, it could lead to route A. Please also refer to the blue finger pointer.

The price may move between the green parallel supporting and resistance line.

I hope you cope well with your trading.

This is it for today.

I will come back to you tomorrow again.

Thank you.


(Translation Jae Ho Shin)