I get hit alot with questions sivaji sorry and my time in the forum is usually spent in spurts rather than consistent
here's a post that should help you out:
http://www.forexfactory.com/showpost...postcount=4107
No brainer fundamental trades 55 replies
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Selling USD and YEN is a no brainer. 12 replies
DislikedAU does look to be finding support... but if it doesn't... there's a very nice bucket with a number of other confluencing factors... See charts below...
MagnusIgnored
Dislikedoh yeah - thats your carry trade currency - heavily tied to US equity markets and risk/associated trades.
I get hit alot with questions sivaji sorry and my time in the forum is usually spent in spurts rather than consistent
here's a post that should help you out:
http://www.forexfactory.com/showpost...postcount=4107Ignored
Dislikedyoure welcome! and yeah I was thinking I would get asked about that one. I was basically looking for a potential \"middle point\" between two bigger levels. Double zeros are usually pretty reliable when they havent been hit in a while; also it lined up with a low several days back.Ignored
Dislikedis the 1.3190 buying level on the EUR the same?
if this is the case y u didn't pick the 1.3200 (isn't a stronger psychological level?)Ignored
DislikedSomeone was just asking me about that - overall its a somewhat weaker level in regards to the current trend but still not bad. Its from past history without a ton of confluence, and its getting a little ignored right now though consolidation here. I have to nod off now but I didnt personally take this one due to the prevailing trend going on right now and I'm looking to wrap up for the day. It has a shot though, we'll see.
1.3200 is but again I'm looking for history, and where I expect the bigger move to come from. this area, down to 3180 or so, has a decent history behind it, better than 1.3200 I found.Ignored