. 
Maybe eur/aud is at a turning point. Weekly candle is a kind of inverted hammer or kind of gravestone doji ("kind of", because nothing is perfect in trading).
But as long, as eur/lfx is in a range, and aud/lfx is in a trend, eur/aud will move...
Of course, this gives us usd/jpy short...
, I hope you're having a nice weekend!Hi Tony & Baz good to see you guys
Okay, I've not had much time this weekend to really go through the correlation on the lfx charts against my normal chart but I've managed one in Euro Usd.
I think if the earlier breakout on the eurlfx is able to sustain itself below the tl in the days to come & vice versa the usdlfx keeps closing higher on the daily basis, I suspect euro usd will tank hard.
On the 4hr chart the descending channel is pretty much in play after closing last friday so I personally think a down move is just a thing waiting to...
Gentle men.
what can someone say about this Pattern!!??
To me its Buy All dips for a long time...
I'm glad to ...
Jhon
Hi Peter!
How are you?
Always is a pleasure read about your analysis
Hmm! Nice setup on Eur/Aud, I'll be watching this pairs closely (Eur/Aud and Yen/all majors), but what do you think about shorting Eur/Jpy?
I've posted a chart few post ago, but looks pretty nice to going short...
TIA!
Jhon
Hi raza,
a monthly candle stick pattern
But are you trading monthly candles, so are you a carry trader ? Could you take drawdowns til 141,50 ?
You are right, that we are in a bull run until one of these support levels are broken, and I will watch out for a hammer above these support levels for going long, but first of all I see this nice bearish engulfing candle at the lfx/jpy, and second I see this morning star for TNX, which was not successfull, so...I anticipate a nice drop for the yen-crosses in the next weeks. Trading...
Hi Jhon,
the weekly is a confirmed hanging man, so we go down from here. On the other hand, we have nice strong suportlevels here, which you are able to see better, if you put an ichimoku chart on.
Also not perfect is, that my weekly 50 % fibo level has not been touched yet, so I thought, it would go higher before droping. But maybe I put my fibo level wrong.
A strong down move will appear, if the eur/lfx breaks out of his daily range, which might happen this week.
Green pips to you
Cheers mate. Will be looking to short once the opportunity presents itlself.
Have a good one
Man, I was in too fast, which has caused serious losses for me.
I will only trade USD pairs this week, if this boring range from last week is broken.
Maybe we have seen a spring with last 4 h candle
But bigger picture is clear, why price has trouble for upward break, there is the pretty nice fibo level above, but if broken up 1.8750.
Or bulls give up, and we see continuation in trend...
aud/lfx is a nice weekly hanging man for me.
I was thinking in post 8600
http://www.forexfactory.com/showpost...postcount=8600
about an spring, and it looks that I was right on this, from now on there is only one way for usd/lfx
Of course we need a close above 1,8280....
