Use me as a contrarian indicator
Making an informed decision about the platform to go with 12 replies
AUDUSD Pattern 12 replies
25.000 AUDUSD position.. Value of roll over? 0 replies
AUDUSD 7 replies
DislikedAs mentioned earlier we are playing with fire here. Looking at the weekly price has come back into its long term trend channel (over 10 years old).
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On the hourly price has effortlessly cut trough the EMA 200 line and never looked back. Right now price is in the middle of nowhere, just flip a coin, its about the same.
Good luck.Ignored
DislikedShort Term Trading:
Long @ 1.0807 - TP 1.0860 for 53 pips.
Graph and technical indicator show the sign of reverse at 1.0800 within 1-hour time frame.
Good luck to all traders.Ignored
Dislikednote: im not a full time trader; just play for fun with the goal to someday trade for real. so do put too much into this; just my attempt to track my progress as a technical trader :-)
NAB says 1.08 by june, 1.05 by late summer, and 1.02 by end of year.
here are my charts.
feel free to comment; always looking for advice from the pros :-)Ignored
DislikedGood stuff.
Firstly I wouldnt worry about NAB.. Trying to pick seasonal targets is a mugs game.
Too many distorting world factors...Ignored
Dislikedthanx.
if this is the case, a strong retrace could bring it down to about 0.95 (high in 2008)?Ignored