DislikedI agree - I normally trade EUR/USD exclusively but I saw a better opportunity occuring on this pair and i have shifted my focus for a while. I live in Melbourne and I am aware that we have inflation on the rise and will almost definetly get a rate rise next meeting. Bernanke, on the other hands is saying he will keep rates flat for a long time - That means go long AUD/USD to me so I switched charts to have a look for a long entry. Instead I saw the shorting opportunity of the year! It looks to me like risk is going to dominate the market for the...Ignored
I visited your thread and I love your story of success. besides today I notice you had the same AB=CD pattern in EURUSD as I did (but you posted it on 24th the credit is all yours!!). to be honest I'm thinking of how these patterns are explainable all together
1- a very bearish pattern in Kiwi and Aussie
2-a suspected bearish count on Gold (if the S at 1,075 holds it could be a very bullish sign for a next leg up though to make it like a butterfly/gartley whatever)
3-an AB=CD pattern to be competed this week which is a bullish sign on EURUSD and bearish for USDCHF (I posted ab=cd for CHF on my thread)
to sum up, how we can be so bearish on kiwi and assuie but bullish on Eur and Chf ? I like to have your thoughts on this as you seem so experience.thanx