AUD/USD

Quoting Ducci

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So it has been boucing off of .9035 for about 5 hours now. What makes you think it will happen now?

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Quoting Jesus4748

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3 reasons
1- it didnt break down the support when it couldnt pass up
2- a diamond bottom formation that might be a reversal for correction
3- luck of liquidity in the end of assian session and it might find it in euro session
4- the end of the assian session showing almost 40 pips positive after the last day close which might be influence for europe

still the downward momentum is high but i think today maybe a correction day

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Quoting Jesus4748

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i was talkin about the euro here
about the Aud , its the same it has the sma at 0.9020 , lets see whats gonna happen next
i still prefere to short the Euro cause its the weakest currency against the dollar for big time now

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Quoting Jesus4748

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i was talkin about the euro here
about the Aud , its the same it has the sma at 0.9020 , lets see whats gonna happen next
i still prefere to short the Euro cause its the weakest currency against the dollar for big time now

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Quoting Ducci

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At this point, I am hesitant to even tell you the only divergence I had on my indicators because this volume is so weak. I have some higher highs on my CCI chart that don't correlate with the price highs. Usually that signals a short, but I think that it is anyone's guess right now. I only have one lot in the game so I could easily reverse. There are probably a lot of happy Asian people right now because if they traded the same trade with reversals 7 times then they earned at least 105 PIP's

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Quoting Jesus4748

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the MACD AND ORSC div. happened with the recent 2 lows formed on the EUR Usd yesterday , not today , so they occoured in high liquidity market
although the downward momentum is high , so i suggest small correction , but i would short after the breach of the 1.4140 level in euro ,, not a fan of shortin AUD cause it very rare been weaker than the euro against the dollar

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Quoting Jesus4748

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as i said , this level is being hammered now , it ll go throught for the next level , in the Aud and shortly in the Eur

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Quoting Ducci

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Nice call buddy...

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Quoting Jesus4748

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thanks

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Quoting Ducci

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How optomistic are you about .9140

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Quoting Jesus4748

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it depends how it ll react to 9075 but its not far from there in my prospective
i just think friday will be a corrective day , if the AUD can keep it self up throught the london session then i think we will see it to 9100 in london , but i m not quite optimistic about long term bullish or even medium term
i use EW , this could be a corrective 3 wave down for another rally or this coould complete the toppish formation to new lows

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Quoting Jesus4748

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checkin the Dollar index as well , i see a big Hammer signaling some correction on the way , i think today we will see a daily green candel , or blue candel up on all the risk currencies

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Quoting Daytrader74

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I entered a short @0.9070 SL 0.9140 TP @0.9000

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