DislikedI remember you were a bull yesterday pretending dead before a bear, weren't ya? What caused your DNA change? Just curious.Ignored
I am a short term trader.. Today I am dieing bull, tomorrow I am raging bear lol. I try to have an open position to a minimum amount of time possible.
Right now, there is no economic "reports" till the AM which will be USD data.. seems negative. AUD hit a resistance wall, unless it gains momentum, which it can.. it will slide back some.. as it starts sliding it will gain momentum, until it hits support. In the morning, if the dollar gets hammered, depending on how bad.. will cause a dollar sell which will bring the AUD up again.. SO for me there is a double opportunity to make money.
I can be wrong, and as London opens up suddenly AUD is flying towards 1.04 Or London opens up and AUD is sliding back.. down to 1.0270 and then maybeee 1.0250.. Then Reports Hit and its testing the 1.0340 resistance again. That's my theory on it.. Like I've mentioned earlier as long as 1.0340 remains we are in that range zone. SO it can go back.. and find support and then when its ready make an attempt from 1.0250-1.0270 sometimes it just needs a running start.
I hope, I'm right.. will make me feel better LOL. If, I'm wrong I'm stopped out and plan my next move.
There are those who know, and there are those who don't know.
