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AUD/USD

Quoting CityIndex
{quote} but the RBA essentially confirmed this would be the case during the previous meeting after reiterating their willingness to be patient until inflation is within its target band.
A bit of a Catch22 situation there., which comes first, inflation (led by inflationary pressures eg economic growth both local and Global on the rise etc), or the RBA's actions to try and contain it (subsequent inflation) ..before the horse has bolted, so to speak?
"Don't Shoot Me I'm Only the Piano Player"
#AUDUSD / H4
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Sell limit 0.7660

SL 30 PIPS

TP - 0.7620
I would not be messing around with shorts before 0.77x. Both daily and H4 is in clear uptrend.
ma ma make me happy
Quoting JackJones
{quote} if they close completely it could kick higher to 7600-7700
7500 looked like a big flip zone, now they are chopping it up, question is are they getting long or are they getting short again? could keep going to 7700-50 here to pretty thin volume and then it will probably dump, trying to explore price , could even push 8100 before a breather, aud is nuts, bulls on parade .. waiting to see cot report for another look in the mirror and to see who is buying..
grist for the mill
Daily close above/around 0.761x will confirm bulls. Worth to keep an eye on 4H pa.
ma ma make me happy
Quoting Traderview
Sell limit 0.7660 SL 30 PIPS TP - 0.7620
TP HIT.
Quoting Traderview
Sell limit 0.7660 SL 30 PIPS TP - 0.7620
Great Prediction from @Traderview 7 hours ago

see AU M1
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Quoting Traderview
{quote} TP HIT.
Entered again @ 0.7632.
sl @ BE.
TP 0.7585
Quoting Isabella_D
{quote} Great Prediction from @Traderview 7 hours ago see AU M1 {image}
I don't trade below 1hr. Most of my trades are based on 4hrs. I use lower timeframes to enter as accurate as i can.
Quoting Traderview
{quote} I don't trade below 1hr. Most of my trades are based on 4hrs. I use lower timeframes to enter as accurate as i can.

yes of course. My pic M1 was to show the result of your great prediction.
I did not trade it, but found it real great.
Quoting Isabella_D
{quote} yes of course. My pic M1 was to show the result of your great prediction. I did not trade it, but found it real great.
It's obivious. On daily 0.7660 is 61 FIB. So i used it. O.7623 is important. It could havr turned there. but too many shorts and NZDUSD need to hit 0.7030. So i waited.
Quoting Traderview
{quote} Entered again @ 0.7632. sl @ BE. TP 0.7585
Closed it manually @ 0.7590
Daily closed below 0.761x. This is still a bull trend in my book, but at least H4 confirmation needed.
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ma ma make me happy
Quoting JackJones
{quote} 7500 looked like a big flip zone, now they are chopping it up, question is are they getting long or are they getting short again? could keep going to 7700-50 here to pretty thin volume and then it will probably dump, trying to explore price , could even push 8100 before a breather, aud is nuts, bulls on parade .. waiting to see cot report for another look in the mirror and to see who is buying..
and the US dumped it, watch out could get choppy
some squiggles

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grist for the mill
Seems like a lot selling going on, this time yesterday was 0.7540, who was buying?

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"Don't Shoot Me I'm Only the Piano Player"
Price got rejected @0.7600 zone (Weekly SBR). Could be sign of bears are warming up. Need clear shift of structure at least in H4. GLTA.
Quoting tantra
Untouched daily 20 ema for this month, let's see! {image}
Wait !
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Right now is good time for long trade on AUD/USD. We are still in uptrend...
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congrats to bears who made some profits. Yesterdays close below 0.761 was a real show stopper. Overall I am still bull, but no confirmation on daily or h4 which sucks.
ma ma make me happy
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