DislikedWell that sound heaps better and I hope you're right because I'm still short on GBP/AUD and EUR/AUD, if one of my pending orders doesn't get hit is nowhere near the end of the world, they are always heavily diversified across many instruments.
I like the certainty with which you predict the market but there's only one certain thing in Forex, it's gonna come back to haunt you ;-)Ignored
Now I understand that your are conservative in the format of this forum; therefore, I'd discuss the Aussie's next move in your style.
By last Thursday, my bias was still bearish. However, at the time of Thursday close, I saw the bigger picture of the Aussie. BTW, I prefer not to use "predict the market" because prediction involves super nature power, which I don't have. As a human being, I would use "project the market" instead.
The reasons I am sure about the Aussie's next move are based on H1 and daily charts. I know you are a chart man.
In the H1 chart, the Aussie has completed her short-term pattern and has touched the lower envelope. Friday's close was close to 50% FIB and the daily low was supported by 1.0180 as well. From here, she will rise. This is the reason, I believe she will not hit your long entry pending order in the coming weeks. However, this could be the first part of current consolidation before she is fully charged. This is highly possible. We'll see.
In the daily chart, the Aussie has not completed her intermediate-term pattern and has not touched the upper envelope or TL as well. This is the reason why I am bullish now.
In terms of the Aussie's target, based on daily chart, I would project that it could reach 1.07033 [or beyond] or at least 1.05534. -IMHO-
Dislikedgrew up Traders
Looking for view for new week to talk about together if anyone like.
waiting my Sunday candle close to tell what next for me
CUIgnored
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