Tight stop losses are my friend.
What is your price targets on the Aussie?
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DislikedTight stop losses are my friend.
What is your price targets on the Aussie?Ignored
DislikedI don't have a fixed target at this point but I believe Aussie is going to test 94 sooner or later.Ignored
DislikedI'm stopped out for -15 pips. US equities rebounded nicely into the close. Your bull got me this time.Ignored
DislikedYou have to bite bull's neck when it stands up tall not to grab it's tail when it is falling to the ground.Ignored
DislikedI've been pretty successful shorting the bull runs. Just got a little sloppy today. My primary pairing has been the Eur/Yen. I'm going to get some rest. Have a good evening. Many green pips to youIgnored
DislikedAlthough the 4 hourly is still up, I'd suggest to take caution on any uptrending position, we are close to the daily resistance point noted by the market before around the 1.0220 level, this is my chart for what I see on the daily:Ignored
Dislikedbulls make money, bears make money... very good
i'm still very bullish
by my setup, gap between 2 pink lines is trend strength
i'm swing, not intraday, so it may a lot diff perspective from lot member hereIgnored
DislikedAussie is forming a triangle. Downside risk is more than 50% at this point.Ignored
DislikedHello DaddyBear, yes...sharp observation! there is a very clear triangle (seen for the 1 hour TF here) and it means market is undecided where to go I think, at least for the moment, redbox has been taking advantage of the 4H TF trend for what is seen on his chart, and so very good for him!
I feel price may head higher if it breaks the triangle up and also breaks the daily resistance 1.0220 level, could be a good point to start a bullish bias, but if it doesn't, a break down may give more importance to that resistance thus validating...Ignored