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AUD/USD

Quoting benaiah
{quote} Seems to me still a good long trade with around 80 pips left to go up. Also, H1 chart shows ascending triangle being formed hinting to bullish breakout... {image}
Should say 50-80 depending on where it bounces. I do expect another bounce at the top around 8825ish area. Then back down again.

Or so it would seem
Quoting benaiah
{quote} Should say 50-80 depending on where it bounces. I do expect another bounce at the top around 8825ish area. Then back down again. Or so it would seem
Technically, the minimum would be 38% of wave A, which agrees with the calculations of You, about 80-90 pips. Top line of the triangle, more or less. But those pips can be multiplied, depending on everything that affects the market.
Donde hay Patron no manda Marinero
I can see on H4 a descending channel, if it will not come back down from daily pivot, I hope it will come back from 0.8790. Up moves are stronger than down moves? Or it is because i have short positions and I am not objective?
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Quoting aminsattorov
I can see on H4 a descending channel, if it will not come back down from daily pivot, I hope it will come back from 0.8790. Up moves are stronger than down moves? Or it is because i have short positions and I am not objective?
Yes there is a channel. It also looks at H1. But the channels begin and end.
We will see.

http://www.forexfactory.com/showthre...98#post7820898
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Donde hay Patron no manda Marinero
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Quoting aminsattorov
I can see on H4 a descending channel, if it will not come back down from daily pivot, I hope it will come back from 0.8790. Up moves are stronger than down moves? Or it is because i have short positions and I am not objective?
I love channels as they really help in finding good entry and exit points. But with the range tightening up so much on this pair right now, it seems to me the only way to look at it, is straight up and down, and trade it that way. Or wait for the breakout.

Trying to trade a channel in this tight range could end up frustrating...

Just my opinion, as I started trading channels with this thing last week, and it worked great. But now, not so great...
heree is something for you who are bulls..

13hrs before weekly candle close..
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Hi All Traders:

Those of you who are long on AUDUSD, hang on and the price will reach 0.90. ( This is my own opinion )
gotta be able to play both sides in markets like these...
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I Am The Danger... I Am The One Who Knocks
If you look at EURUSD chart and compare it to AUDUSD you will see they are similar. Therefor, once EURUSD goes up we will go up also. ( This is my own opinion).
What we are witnessing is War of attrition against Bulls by Market Makers. But, we will win the war ( This is my own opinion ).
If EURUSD goes above 1.27500 then 0.8800 will stay.
If the us home sales report is good it will weaken aud and strengthen use
Quoting Patron
{quote} Technically, the minimum would be 38% of wave A, which agrees with the calculations of You, about 80-90 pips. Top line of the triangle, more or less. But those pips can be multiplied, depending on everything that affects the market.
The first objective has been met...
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or nearly met.
What will happen now?
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Donde hay Patron no manda Marinero
This is one of the most boring weeks, I get pumped up that a break out will happen. Then nothing.
Quoting san99
{quote} It does look like a fluke, but to me it looks like a testing of the 0.8750 level. I don't know, feels like it was kind of inevitable after so many tries. But mid-Asian session A/U seems to be recovering back into .8740s and London will probably get it back into the 60s.....
Yeah, that went well over night as expected.
The news on China's stock market was bad but AUDUSD went up!!!???
All eyes on EURUSD. If it goes above 1.27 then it will be good for us long. ( This is my own opinion )
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