Hello all Bears,
Hope you had a continued feeding frenzy from this morning. I am still hearing bullishness from other threads on AUD since the Sunday open and I understand their premise of Opinion that bears will not succeed but I wish to add another fact that occurred in the Bear camp these last 12 hours to add yet another nail in their coffin.
occured (see pic)
FACT: 7/12 to 7/25 rising support has been broken and closed below (see pic)
This is a morning pic but you can see where we are trading now to know this is true.
Here is the complete Bear argument for those who still have not read it or have deviated from fact to opinion pieces.
http://www.forexfactory.com/showthre...87#post5959787
I will state as I do believe with the Bulls(flexibility) Eur/aud could come down back to 1.20 giving AUD/USD a minor pop back to 1.04 but make no mistake the MOVE INTO JACKSON HOLE WILL BE QUICK AND UGLY.
Take A look at /S&P, OIL, COPPER its right in front of us get ready….
Best of luck all tonight and if you feel yourself wavering from the bear camp on this move Us bears are not too far off to reassure you that you’re on the right path.
Hope you had a continued feeding frenzy from this morning. I am still hearing bullishness from other threads on AUD since the Sunday open and I understand their premise of Opinion that bears will not succeed but I wish to add another fact that occurred in the Bear camp these last 12 hours to add yet another nail in their coffin.
occured (see pic)
FACT: 7/12 to 7/25 rising support has been broken and closed below (see pic)
This is a morning pic but you can see where we are trading now to know this is true.
Here is the complete Bear argument for those who still have not read it or have deviated from fact to opinion pieces.
http://www.forexfactory.com/showthre...87#post5959787
I will state as I do believe with the Bulls(flexibility) Eur/aud could come down back to 1.20 giving AUD/USD a minor pop back to 1.04 but make no mistake the MOVE INTO JACKSON HOLE WILL BE QUICK AND UGLY.
Take A look at /S&P, OIL, COPPER its right in front of us get ready….
Best of luck all tonight and if you feel yourself wavering from the bear camp on this move Us bears are not too far off to reassure you that you’re on the right path.