EUR/AUD

EUR/AUD hit the 1.9900 and immediately bounced off the daily trend line. Might be worth a few pips to the short side.

19mar09

I had set a limit order at 1.9900 a couple of days ago (due to price action around that level over the last several weeks) with a TP at 1.9800 and I was pulled in at 2.42 GMT and bounced out at 6.25 GMT. I wasn't about at the time, sunny day in London, so I made the most of it outside. Now that I think about it, it was a silly trade as it had broken the descending trendline that I had on the daily (which is slightly different to yours).

As I don't have the guts to long this baby, I'll be looking at price action around the 2.0100 region (I've got a 61.8% fib there but I'm no chart expert). I just feel more comfortable holding short trades in this area, a bit like Aesculus - is a EUR really worth $2.00 (and the rollover is nice).

I'd post my chart but I'm about my technical skills

A sunny day in London ! Don't blame you for making the best of it, could be months before you see another one.

Order pending to short at 1.96 level. As overall trend is down, in my humble opinion. You're quite right to be short Patience - think longer term.

Ha, ha - we've had a few more sunny days since.

Wow, what a ride down - pity I missed it - but what's new. Sometimes I could just slap myself around the head. Hope you caught some (or all) of it.

Indeed, missed some of it too. Thebounce off 1.86 failed to materialize. Maybe, we will see lower today. Weeklies still looking like a short. So thats what I'm trading. To me everything went out of whack in October and is reverting. There is a lack of major support levels so could see more of a drop. Watching it closely.

Good on you for catching some of the drop.

I'm not quite sure how to play EURAUD at the moment after such a drop so I've gone back to my old favourite GBPAUD and have gone long looking for 205.50.

That Aussie $ has just been powering on and on. I've been waiting for it to do one of it's famous swift sharp corrections but it has failed to materialise. I'm not keen on buying it at this level. If it gets down to the 0.6750 area I might take the long bus depending on price action.

10 Aprl
euraud
sell At 8310-8333
tp 400 Pips

This pair stands out as what appears to be the most divergent major cross pair. A favorite relative strength indicator I use, KG RS Group -> http://www.forexfactory.com/showthre...23284&page=228
shows aud as currently strongest and eur weakest

The weekly chart is near the 50% fib level from the huge sept 08 rise. cool pair I would keep my eyes peeled on

Time for longs yet? Aussie daily looks weak, EURAUD daily looks poised to reverse.

Lovely move down . Short from 1.86 and 1.82, stops moved to capture gains. Expect lower....

Short euraud

happy trade.........

Indeed, looking for 1.72 myself. Colourful chart, are you on mushrooms ?

shorted EURAUD

how low can she(eur/aud) go? 1.72? im already long

are you long now?

Good trading!!

hi wian corp,

i might build long position from 1.7200 what do you think?

I think its best to see some sign of buyers in the market for me to be looking on going long.. right now the market its just making lower lows and lower highs..

okey dokey