AUD/USD

I agree, my guess: 520

Possible inverted H&S at 15min...

Theorical target: 1.0500

I think that AU must show more strong UP.

Because see image:

AU for change of Tend have closed over @430

Chelost

AUD @1.0340

Despite the breather that the market is looking at equities are struggling again and China down 1%.
Fancy a sell around here for 1.0250 initial target and then 1.0100..
Will add to shorts unless equities improve.

Well, opened my account tonight to see another round of selling. Another long triggered @ 0340, so I am now long with an average price of 0490. Next couple of days should be interesting. I will exit with loss on a daily close below 0250. Would still like to target 0770, but that seems a long way off right now. We'll see what the new day in London and NY brings. Perhaps the equites will steady and we may get a bounce. Good trades to all...

Regards,

As I mentioned yesterday, there were negative divergence on hourly RSI,

I got the rope but don't know when to exit as always

maybe the level that razorman pointed can be a good view for TP

Stocks smashed again in early europe.

Look out below

Pyramids ... probably not a good sign ... probably also , symbol of prosperity and great wealth to retailers ...

Still looking for that wave 5 down to complete
Looks like 1.0107ish and bottom of channel.

Invalidated (though a bigger right shoulder down is developing right now, so who knows...).

We may see 1.0350-380 zone once again, however, for last time... If it not breaks up, fasten your belts.

probably at this point in time all bull's rocket are under repair or no fuel ... No good business conditions and confidence ... Who can control the 300 level will win the game ...

Mr.Sharrrks back in business ... but this time ... the other way round ...

Taken a short and looking for a continuation of the down move.

AUD/USD H4

Attached Image (click to enlarge)

did you get stopped out ,hope this dont test round number at 1.0400 area ,im short too enrty 1.0331 sl 1.0408 tp 1.0150

Hey Spacetec, how are you?
No I didn't get stopped, yet
My stop is at 1.0368 -32 pips from entry. Possibly a bit optomistic but it's a tight SL so it's no problem.

Will look to exit 3 of my 4 longs on a bounce over 0500. Yes, I think we will steady and eventually get to 0770. If 0800 is going to be a secondary top, it will probably get retested. However, at present, fear seems to be rampant. Until Europe gets its act together, we are sitting over the top of a bottomless pit. So, I am falling back on the first rule of survival...."Eliminate risk and cover you a$$." All positions will be stopped out on a daily close below 0250.

Regards,

Closed all long scalpers upon touching fib 161.8% except one @ 259... Mr.Sharrrks has transformed into an allien ... aiming for downside 1.0232 and upside 1.0433 / 1.0538 , if it can ...

hey good to have tight sl on these conditions ,its been a slow day regards to AUDUSD ,good luck lets see if tp gets triggered in 24hrs

After doing some more research, both technical and fundmental, I am looking at the following numbers:

Weekly support (for this week) comes in near 1.0115 -1.0075 area.

Sustained break below 1.0075 would bring a .9925 retest into play. This area was AGGRESIVLY bought last time.

Let's be honest. A break below .9925 would probably trigger a $hit load of stops. Rats would be bailing fast, and there is no telling where the selling could end. We could talk about potential bottoms, but targets below .9925, at least in the near term, would just be guesses because of all the fear and panic that would be in the air.

I, for one, will watch the 1.0075 area (weekly trendline support). I will allow for a touch of the line or a false break below of 50 pips. That puts my line in the sand @ 1.0025 for ALL of my postions, even the long term lot I have had running since .9750. That would put me all out and flat AU below 1.0025. Yes, it would probably bounce nicely from below parity, but I can always re-enter on a bounce. I must protect the profit I have made since the last big dip to .9700

Regards,