Possible rising wedge on the daily chart?
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DislikedTo the people who are long, I wish all the best, but besides all your TA you have to do some FA as well. Australia cannot function for long when the rate is above parity. Tourism and exports (farming produce mainly) cannot compete in this market. These two sectors employ a large % of the population.
Do a bit of research and have a look at what things cost here and what things cost in the USA. I know the USD is struggling, but the AUD is ridiculously over valued. You can definatly make a bit of money going long in the short term, but there is...Ignored
DislikedTo the people who are long, I wish all the best, but besides all your TA you have to do some FA as well. Australia cannot function for long when the rate is above parity. Tourism and exports (farming produce mainly) cannot compete in this market. These two sectors employ a large % of the population.
Do a bit of research and have a look at what things cost here and what things cost in the USA. I know the USD is struggling, but the AUD is ridiculously over valued. You can definatly make a bit of money going long in the short term, but there is...Ignored
DislikedLooks like finally it going to move north....
All those patient people, you payout is comming be patient....
After some some up move, will move the SL to BE.Ignored
Dislikedit seems that candles are in a swamp area the suitable strategy for this situation is to wait until the swamps drained out then run away with the smart candles Attachment
12h chart
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4h chart
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considering the indi on the 4h personally im waiting for a double top of indi then it may be falling heavily AttachmentIgnored
DislikedI planned to short @ 1.0425 after a failure to break through 1.0440.. It went up to 1.04235 ...
Now I am waiting @ 1.0410
I am not comfortable shorting though.. there are too many retails short AUDUSD.Ignored
DislikedGuys, really I don't get it...
IT'S AN UPTREND, period. BUY THE DIPS.Ignored
DislikedI agree... But we are at the top at the moment. Will go Long once we get to the entry levelIgnored
DislikedHi ragnakore,
where did you get data on retails short volume? any help would be appreciated!Ignored