Dislikedit retrace a bitIgnored
AUD/USD = EUR/AUD - What in the...? 0 replies
Dislikednice short setup for Aud/Usd, also check the monthly candle on this pair as it was turn red to white meaning the whole month is a sell on this...Ignored
DislikedJust sharing my daily charts, hope it's readable despite all the spaghetti...
Despite the bullish flag/ascending triangle pattern, I think the upside to be quite dangerous (unless tonight fundamentals support another rally), and even so, SMA200 and descending channel UL would be, IMO, strong obstacles in the way.
A break of the channel and subsequent move to the highs seems quite improbable (interest rates cut, euro weakness, Christmas holidays risk off?). I would expect a surprise and quick descent...Ignored
DislikedFXCM's SSI showing more getting into the short AUDUSD bandwagon.
Be careful. I would not short with so many folks still heading there.Ignored
DislikedAussie is back up!
It's time to brainstorm ideas: Is this just a simple retrace up before an inevitable move down? Even if is/isn't......where will it stop, pause and drop back? Where will it continue?
1.03-30 looks like a strong level, if we clear it, will we see 1.045? There are the questions we must answer to play the shorter term for aussie
What about all those technical patterns? A Reverse H&S on the DAILY (yes targeting 1.3 or so) An ascending wedge/triangle on the hourly....with indication to upside....Ignored
DislikedHmm I see a lower high just now.
I think the pair will keep ranging until tonight employment/unemployment data.
Indeed the technical patterns are seemingly quite bullish (especially the daily flag/ascending triangle... though... a rising WEDGE like the hourly's is a BEARISH pattern...)
1.045-1.05 (even almost 1.06) is about at the upper descending trend line and a 138.2 extension on the daily swing high, so maybe we could reach it if the Aussie breaks up, price has been ranging exactly at the very center area of a symmetrical...Ignored
DislikedHere we go...
Sold @ 1.0285, sl 1.0314, tp 1.0174
Who is with me?Ignored