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AUD/USD

  • #102,161
  • Aug 1, 2017 8:22am Aug 1, 2017 8:22am
Quoting ArslanHyder
{quote} Today is a bullish day.. keep your trades running and move SLs to breakeven
how is it now ?
  • #102,162
  • Aug 1, 2017 8:26am Aug 1, 2017 8:26am
Quoting drbob8000
short term counter trend scalp. Long from 7964
out @ 7967
  • #102,163
  • Aug 1, 2017 9:22am Aug 1, 2017 9:22am
Seems like it going up again. I think this time it might reach 0.81xxx or 0.82xxx.
  • #102,164
  • Aug 1, 2017 9:54am Aug 1, 2017 9:54am
Quoting falcon72202
{quote} what ar e those "a" and "b" with lines on your chart ? how you get them?
Its actually A, B, C wave lines. My platform doesn't allow me to draw waves or lines without those alphabets. Hence u can just ignore them. I draw them to illustrate the potential path prices are heading.

My SL at BE currently (just in case prices shoots up again)
  • #102,165
  • Aug 1, 2017 9:59am Aug 1, 2017 9:59am
my expectation for this pair
Attached Image
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #102,166
  • Aug 1, 2017 10:17am Aug 1, 2017 10:17am
Quoting offenhauser
{quote} how is it now ?
Still bullish... market will eat shorters soon...
Markets are Irrational
  • #102,167
  • Edited 10:33am Aug 1, 2017 10:21am | Edited 10:33am
Price respecting .7960 level... stay green all... took out some dollars at break even... again moving in the bullish move...

Remember SMA 50 crossed SMA 200 couple of days ago... trend changed to bullish... we r on retracement in short term
Markets are Irrational
  • #102,168
  • Aug 1, 2017 12:30pm Aug 1, 2017 12:30pm
In my opinion it's a bearish trap..
Markets are Irrational
  • #102,169
  • Aug 1, 2017 1:22pm Aug 1, 2017 1:22pm
Quoting Profitkingfx
People really trade with MA's still lol
I use MAs to look for potential supports and resistances along with fibs and price action.. I don't care about others when I am profitable with this method...
Markets are Irrational
  • #102,170
  • Edited 2:20pm Aug 1, 2017 2:05pm | Edited 2:20pm
We can see .7963 and .7944 before .82xx.. in my opinion it will complete its retracement trajectory very soon and will bounce back..

Recent price action suggests .7959 is a strong support... still intact
Markets are Irrational
  • #102,171
  • Aug 1, 2017 2:19pm Aug 1, 2017 2:19pm
The AUDUSD is still oscillating around the 200 week EMA on the 0.7986 level without taking a clear direction, but the bullish trend is still in place. A breakout above the high at the 0.8066 level is needed in order for the trend to continue. The 0.7900 level may act as support in case of a pullback.
  • #102,172
  • Aug 1, 2017 2:22pm Aug 1, 2017 2:22pm
Quoting trademark
The AUDUSD is still oscillating around the 200 week EMA on the 0.7986 level without taking a clear direction, but the bullish trend is still in place. A breakout above the high at the 0.8066 level is needed in order for the trend to continue. The 0.7900 level may act as support in case of a pullback.
Agreed
Markets are Irrational
  • #102,173
  • Aug 1, 2017 2:22pm Aug 1, 2017 2:22pm
LONG==>SL:0.79369
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if you my trade,My-post analysis, subscribed to ME
  • #102,174
  • Aug 1, 2017 3:07pm Aug 1, 2017 3:07pm
Bears about to get knocked out
Markets are Irrational
  • #102,175
  • Aug 1, 2017 3:36pm Aug 1, 2017 3:36pm
Quoting ArslanHyder
Bears about to get knocked out
Seem like bulls are tired.. we will see levels above .8050 but before that. We need a good retracement.
Trade what you see, take what the market gives you.
  • #102,176
  • Aug 1, 2017 4:05pm Aug 1, 2017 4:05pm
Quoting VuLe
{quote} Seem like bulls are tired.. we will see levels above .8050 but before that. We need a good retracement.
Bulls might be tired but not dead ..
Markets are Irrational
  • #102,177
  • Aug 1, 2017 4:44pm Aug 1, 2017 4:44pm
Quoting ArslanHyder
{quote} Bulls might be tired but not dead ..
So are the bears. Lowe made clear, that a strong currency is threatening the economic outlook.

"The Australian dollar has appreciated recently, partly reflecting a lower US dollar. The higher exchange rate is expected to contribute to subdued price pressures in the economy. It is also weighing on the outlook for output and employment. An appreciating exchange rate would be expected to result in a slower pick-up in economic activity and inflation than currently forecast."

Just by this one sentence he made technicals and fundamentals obsolete. Strong AUD will not be tolerated.
  • #102,178
  • Aug 1, 2017 4:48pm Aug 1, 2017 4:48pm
Quoting Drolph
{quote} So are the bears. Lowe made clear, that a strong currency is threatening the economic outlook. "The Australian dollar has appreciated recently, partly reflecting a lower US dollar. The higher exchange rate is expected to contribute to subdued price pressures in the economy. It is also weighing on the outlook for output and employment. An appreciating exchange rate would be expected to result in a slower pick-up in economic activity and inflation than currently forecast." Just by this one sentence he made technicals and fundamentals obsolete....
But he whispered in my ears to go long on AUDUSD
Markets are Irrational
  • #102,179
  • Aug 1, 2017 5:00pm Aug 1, 2017 5:00pm
Quoting ArslanHyder
{quote} But he whispered in my ears to go long on AUDUSD
Because he is happy taking your pips. #greedissues
  • #102,180
  • Aug 1, 2017 5:04pm Aug 1, 2017 5:04pm
Quoting Drolph
{quote} Because he is happy taking your pips. #greedissues
That's not greed... that's analysis... if you get sometime to analyze the markets instead of posting and commenting..
Markets are Irrational
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