DislikedYes, honestly, this is a blended, view. I desprately want to short this market on a technical basis, seeing the LH, LH of recent weeks that many have advocated as the initial signs of an end to the bull run; however, fundamentally, I see the whole thing as simply a consolidative pause in a market that has made an initial up move and become overheated given the rate differentials and pressure for commodities, that being industrial demand versus initial hopes of financial stability. The longer term charts remain bullish in pattern; notably the high...Ignored
AUDUSD I really want to short too, I like the fib level and "measured move" level that is holding the pair - in other words this upswing is equal in pips to the last upswing, but I see bigger picture this could be a big bull flag.
If anyone knows gartley patterns (harmonic trading) it is actually a pretty nice daily bearish butterfly.
Funnymentally AUD is most affected by China news, its biggest trading partner. It has fallen hardest on news of China tightening. But in simplest funnymentals AUD is not a short because of interest rate differentials. Big real money earns interest being long AUD and has to pay interest to short it, so they have to have a really good reason to be short.