AUD/USD Swing Buy Trigger | Forex Factory

  • AUD/USD Swing Buy Trigger

    From dailyforextradingedge.com

    While the headlines may sound pessimistic as the aussie lose ground against the dollar and yen today reaching new lows for July, let’s not get too dramatic as we’re only nine days into the new month. The disappointing NFP-fueled sell-off did comm-dolls like the AUD/USD no favors, UNLESS you were an aussie bull waiting to capitalize on a pullback. The AUD/USD has been in an uptrend thanks to the strength of the Australian dollar will has been gaining on even the strong greenback. Past performance is not indicative of future results The AUD/USD daily time frame has all the signs of new but bullish trend: The green ... (full story)

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deanoracer
Jul 9, 2012 9:51pm
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Careful now Aussie bulls - there is a possible expanded flat pattern unfolding. IF it is an expanded flat pattern (again, IF), then the minimum expected target is near 9915. I have been following this for a while and you can review my posts to see my reasons and pics of the AUDUSD Daily charts as well as my bias and entry...
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Mingary
Jul 10, 2012 12:17am
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simple math:
if Dailyforextradinghedge = AUD/USD swing buy trigger
then that says to me: screaming SELL
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msmarple
Jul 10, 2012 3:54am
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No trade in AUDUSD before Thursday news coming out, never chase a trade.
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upasna
Jul 9, 2012 6:43pm
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AUD will up-up already tested low level.. eye on 1.28 after Chine Trade Bal report
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liberty458
Jul 10, 2012 4:25am
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That is GREAT, much better level to sell......
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Compulsive
Jul 9, 2012 6:40pm
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Rahgee is hot, HOT!
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iwjw
Jul 10, 2012 5:46am
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last 2 quarter taught me not to sell into the earnings season
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Trout
Jul 9, 2012 6:39pm
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Maybe so Rahgee,

But I think we need one more test (re-test) of today's low. You may be good now though w/ a stop below 1.0150...
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jpb6163
Jul 10, 2012 6:44am
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Buy,Sell,Buy,Sell... if only I could align those 2 words with the market direction of the day.
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Raghee Horner
Jul 11, 2012 8:15am
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AUD/USD bulls, head's up at the 200DMA. I'm in trailing stop mode now especially with the onslaught of data tonight.

Thanks everyone for your comments, the constructive ones anyways
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Trout
Jul 11, 2012 8:29am
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Rock & Roll! Nice Call Raghee...I'll liked that 1.0160 level, see last Fri's forecast: http://seekingalpha.com/instablog/1642421-jay-norris/823541-weekly-forex-forecast-for-monday-july-9-2012
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Trader#C2C5
Jul 9, 2012 8:08pm
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how about EUR/AUD? seems rejecting psy level at 1.2....
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Trader#A41F
Jul 10, 2012 4:42pm
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Buy swing??? oh dear glad I didnt listen
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