Disliked{quote} waiting for 7150.8 or higher to short 672x usally happens after 71xx it may drop from here I may be wrong and full of sh'tIgnored
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Disliked{quote} waiting for 7150.8 or higher to short 672x usally happens after 71xx it may drop from here I may be wrong and full of sh'tIgnored
DislikedCant believe I missed that 61.8 fibo retrace at 0.7128, was perfect for short entries at 0.7125. I was looking at it on my phone and caught about 15 pips on the break up but didn't see the 0.7125 level :0Ignored
DislikedWell, it's proving a bit of a slow drag but my view is we are headed above 75 in the coming weeks and accordingly I'm long and have been for several days (as written in a previous post). I thought I'd share an update I received from my broker which appears to at least support this view albeit with a lower target level; AUDUSD Bullish above 0.6985. Standard Bank is opening long trades for AUD and NZD based on improved technical indicators for the two currencies. Enters long AUDUSD at 0.7020 with target of 0.7200 and stop at 0.6900; short EURAUD entered...Ignored
Disliked{quote} to tell the truth, i am little scared with shorting this now i have to be careful not getting carried away with shorts, as we have seen it can jump up momentarily.Ignored
DislikedI've attached a chart of AUD/JPN on the 4hr from Jan 6th to now. It's that section bottom right of your chart tashkent below 84.14 I interpret it as an inverse head and shoulder breaking up on your blue line.1842029 It's my first effort to upload a chart, so hope it works. If I'm right, it shows target of about 88.38. I'm looking at taking a small long now, possability of adding to it if a rise here confirms. Your thoughts on entry?Ignored
DislikedI have a couple of questions to throw out to more experienced chartists. I don't have a sophisticated graph to illustrate my points, but that shouldn't be a problem for you lot. I previously saw a a head and shoulder pattern develop from Nov. 19 to Jan. 6th on the daily chart. When it broke the neckline at about 7120 on Jan. 6th, I estimated a downside target of appx. 69.03. An alternative neckline at about 70.22 formed from Nov. 11 to break on Jan. 7th , with a target of appx. 6827. The second, and lowest, target was hit precisely on Jan. 16. Today...Ignored
DislikedWhoops I meant inverse head and shoulder AUD/USD on 4 hourly chart. Still shows on hourly of course but you have to condense it to show on screen.Ignored
DislikedWith any luck, some longer term shorts will get triggered {image} {image} {image}Ignored
Disliked{quote} My methods aren't reliant on the types of patterns that you seem to use so can't really comment on those questions and I don't think you got any replies. Trust your trading plan but do it with small position sizes until you have more experience would be my only suggestions.Ignored
Disliked{quote} 7140 retest coming, but looking at the dailys', it looks like the bears have already started positioning themselvesIgnored
Disliked{quote} you might be right about 7140 (i think it is a little higher, 7170). it is next level in ascending channel. i will add more shorts around today's high and trade that pinbar. i think importance of this 7127 is that either we will enter to range between 7050 and 7250 for a few weeks or south train to 6500 will resume with a leg down to 6920 first.Ignored