I want to keep the same time frame for consistency.
Based on this chart my concern for Aussie is the 0.6600 region. It's resistance from the downward sloping line and the area that I had previously marked as support - now it's resistance.
With Friday as tomorrow I'm fairly confident that the pair has made it's high of the week - that's why I sold
{image} I want to keep the same time frame for consistency. Based on this chart my concern for Aussie is the 0.6600 region. It's resistance from the downward sloping line and the area that I had previously marked as support - now it's resistance. With Friday as tomorrow I'm fairly confident that the pair has made it's high of the week - that's why I sold
- #108,047
- Jun 5, 2023 1:13am Jun 5, 2023 1:13am
- Joined Apr 2019 | Status: Trader | 3,132 Posts
#AUDUSD / H4 
- #108,049
- Jun 5, 2023 10:01pm Jun 5, 2023 10:01pm
- Joined Jul 2011 | Status: Gold Again | 10,624 Posts
AUDUSD is gaining strength now. Did RBA just leak out interest rate like last month?
It takes a lot for me to IGNORE you, but you can try.
- #108,052
- Jun 5, 2023 11:44pm Jun 5, 2023 11:44pm
- Joined Jul 2011 | Status: Gold Again | 10,624 Posts
{quote} Can't help I find really strange that AUDUSD was strengthening less than a day from the announcement. The move is even stranger considering the expectation has been to stop hike
It takes a lot for me to IGNORE you, but you can try.
- #108,053
- Jun 6, 2023 3:15am Jun 6, 2023 3:15am
- Joined Jul 2013 | Status: Trader | 2,917 Posts
{quote} That's not what I read, I saw it was 65% on hold and 35% chance of a raise, just in recent days however, but I agree, sure looks like the banks "knew"
- #108,055
- Jun 6, 2023 4:14am Jun 6, 2023 4:14am
- Joined Dec 2022 | Status: Trader | 2,427 Posts
You have an IQ lower than 90 if you interact with this user.
{quote} Well I was incorrect about the pair making the weekly high yesterday. Now with 1 hour before NFP I am taking a small short position and TP at the 0.6595 level (25% fib level from the current move. {image}
Closed long position for profit. I expect some consolidation for the remainder of the day.
- #108,059
- Jun 6, 2023 8:53pm Jun 6, 2023 8:53pm
- Joined Jun 2010 | Status: scalperzmania forex hymnology | 407 Posts
{quote}however inflation is still high so they have to keep raising which is good for Aussie lol
I sell all AUD pair from current high till US open today
study of behavior and mind,conscious and unconscious
