DislikedWE may be staring down the barrel of a nice trend wave on a break of 86.689
Corrective wave 3 so maybe down to 83.16 thats a good 300 pips
pipfarmIgnored
Gone to a better place
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DislikedWE may be staring down the barrel of a nice trend wave on a break of 86.689
Corrective wave 3 so maybe down to 83.16 thats a good 300 pips
pipfarmIgnored
DislikedWith traders across the board all major brokerages holding >80% long versus <20% short, this pair is almost assured to go down. Target 80.00. Sets up well with lower trendline established by summer lows of 2010.Ignored
DislikedInteresting day with this pair... Chart below shows very close to an engulfing candle. Also, broke south at a trendline. I have an open trade from 85.095. I'm wondering if today was simply a retrace (it broke back north at the 38.2 fib level and never broke the support at 86.300), or if this is going to long term bear movement that will continue next week?
Thoughts and opinions on the direction this pair takes are welcome...Ignored
DislikedI shorted at 87,40 and 87,24 but have closed it already upon NFP drop.
I am AUD bearish and I expect it to drop against most of the currencies, while yen should also underperform but with a quite, usual and tight range.
AUDJPY could easily drop to 82 - 83 quickly if equities lose momentum, any upward move above 87 and up to 90 is a nice sell opportunity in my opinion.
I have not read the last COTs, but I think market is still quite long AUD, and any trigger could lead to short covering.On AUDUSD I see 1.03 - 04 very possible in the summerIgnored
DislikedI see this breaking out to the top side of this
flag and heading first to 92.40 and then on to 105.00.
This chart looks really bullish.
Looking to get long this in a big way.
Break out point 88.Ignored
DislikedI know GS recommended to buy this pair way back up at 86.00 just sent out a letter to hang onto the longs...Ignored
DislikedThe swap rate is so good that hanging
on isn't so bad,i mean think about it hold Yen
or hold Aussie dollars,i know which one i'd rather hold.Ignored
Dislikedlol
funny part is GS kinda screwed up or they have a retarded trader... the email came through like this
"Stay Long AUD/JPY, opened at 86.27 on 30 June 2011, with a target of 90 and a stop of 84, now at 83.7."
Ignored
DislikedThats funny,i don't think their prop desk would get away
with that kind of incompetence.Ignored