I have done extensive technical analysis on the this pair. I wanted to know if anyone has an opinion on where this pair is headed and why? I appreciate any responses.
Looks like its going to make another low. Basing that off of price action on multiple timeframes. I would stay out until things looked ready for a solid rebound. Of course it could go up from here, but I would stay out for now unless already short.
Looks like its going to make another low. Basing that off of price action on multiple timeframes. I would stay out until things looked ready for a solid rebound. Of course it could go up from here, but I would stay out for now unless already short.
Ignored
I missed that short and am waiting for things to get clearer. Otherwise I think it still continue down. Gold is up so AUD is stronger.
I have done extensive technical analysis on the this pair. I wanted to know if anyone has an opinion on where this pair is headed and why? I appreciate any responses.
Ignored
I've traded this pair for the last couple of years. It the potential to generate nice trends and it can also whipsaw you to death. Right now the overall trend is downward as the Aussie Dollar has gotten stronger across the board. In fact I've been an trade for about a week and unless I get violently whipsawed I should get a nice gain.
Scalp this pair at your peril, more whipsaws than a woodwork shop. Have only profited on this pair as a longer trade, weekly and look no closer than a 4 hour chart but look for entry on daily.
I have done extensive technical analysis on the this pair. I wanted to know if anyone has an opinion on where this pair is headed and why? I appreciate any responses.
