The weekly eurusd break and extend completed on Friday. The monthly balance point has now shifted. Would like to see a 1-2 day stall/retrace and then higher prices.
Joined Jun 2009
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Status: Psalm 84: 10-12
|842 Posts
AU opened below its monthly mid and has already traded to within 2 pips of its 50% monthly low. Im trading a long from 1.0245 for rotation back to the monthly mid before a continuation of the down trend.
yearly mid is at 1.0227 or there abouts . I dont think AU is going straight through this on its first attempt. 3 x weekly / weekly / 5 x daily levels here too where AU is trading now for added temporary support.
AU opened below its monthly mid and has already traded to within 2 pips of its 50% monthly low. Im trading a long from 1.0245 for rotation back to the monthly mid before a continuation of the down trend.
yearly mid is at 1.0227 or there abouts . I dont think AU is going straight through this on its first attempt. 3 x weekly / weekly / 5 x daily levels here too where AU is trading now for added temporary support.
Joined Jun 2009
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Status: Psalm 84: 10-12
|842 Posts
AU is now trading below its yearly mid at 1.0227/ 1.0237 or there abouts. since the 3 x monthly mid is at 1.0173. PA may bounce here and retest the yearly mid at which time , I think its the safest place on the chart for a short trade as I missed my chance yesterday. I then expect AU to head down to 0.9655 and below.
The weekly eurusd break and extend completed on Friday. The monthly balance point has now shifted. Would like to see a 1-2 day stall/retrace and then higher prices.
The euro is at or very close to a bottom that should last a few weeks. I have closed half my position so far today, the other half i am going to hold and see if it can hit the 2170 area to take profit.
Ignored
EU weekly
The uptrend in eu should continue, 1.35 looks to be insight now probably in Q4.
Been scalping ADUD.. using EA as lead indicator..on shorter term charts.. some times like say on half hr chart gives clear signal half hr to hr and half before ADUD turnes.. still long Aussie from 26ish area..Thank u for tip re E..A.. looks to be same GBPAD??
Been scalping ADUD.. using EA as lead indicator..on shorter term charts.. some times like say on half hr chart gives clear signal half hr to hr and half before ADUD turnes.. still long Aussie from 26ish area..Thank u for tip re E..A.. looks to be same GBPAD??
Ignored
It should be the same for gbpaud but i don't look at that pair so can't say for sure.
Joined Jun 2009
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Status: Psalm 84: 10-12
|842 Posts
I entered last week at 1.0460, it was late in this up move.
AU 1.0497 is the 5 x daily mid + weekly mid. looks like the 5 x daily highs caped the price movement on Friday. I expect AU to hit the mid then continue up.
Well done on EU Amy, Bella1920 and Dan.
Excellent chart Bella1920 for EU, its well up since you posted.
Amy awesome charts for EU and DX. thankyou.
Im doing an elementry school job from Monday to Friday until Feb next year, still trading too.
