1.0176 still looking like a strong support level
- #53,343
- Oct 8, 2012 10:15am Oct 8, 2012 10:15am
- Joined Jan 2010 | Status: Trader | 10,268 Posts
We live in a finite world with infinite possibilities.
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- #53,345
- Oct 8, 2012 10:30am Oct 8, 2012 10:30am
- Joined Mar 2012 | Status: Gold anyone | 6,524 Posts
1.023x then down
if pass then 1.0320
just my view for 24hrs
if pass then 1.0320
just my view for 24hrs
Wooooohooooo or Boooooohooooo
- #53,346
- Oct 8, 2012 10:47am Oct 8, 2012 10:47am
- Joined Jan 2010 | Status: Trader | 10,268 Posts
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- #53,348
- Oct 8, 2012 12:38pm Oct 8, 2012 12:38pm
- Joined Mar 2007 | Status: Symbol | 2,788 Posts
FF journal: Peaks and Troffs
- #53,350
- Oct 8, 2012 12:48pm Oct 8, 2012 12:48pm
- Joined Jan 2010 | Status: Trader | 10,268 Posts
We live in a finite world with infinite possibilities.
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- #53,352
- Oct 8, 2012 1:15pm Oct 8, 2012 1:15pm
- Joined Apr 2011 | Status: That the best u can do, u pansies? | 6,087 Posts
- #53,354
- Oct 8, 2012 2:26pm Oct 8, 2012 2:26pm
- Joined Apr 2011 | Status: That the best u can do, u pansies? | 6,087 Posts
I am with you expect right now the momentum is currently up. A break of the 1.0200 in my opinion resumes the downtrend. The 1.0209 area is looking like support currently.
- #53,356
- Oct 8, 2012 2:55pm Oct 8, 2012 2:55pm
- Joined Mar 2007 | Status: Symbol | 2,788 Posts
Id be surprised to see the 1.0260 level before we break short. Very weak rejection from a very well worn support level(that has been penetrated)
Imho this 1.0209 area caps the up move and ill trade accordingly until we reach a fresh support level and have the PA and FA to justify a hard move back up.
Good luck guys
Wulf
Looks a good place to short though.
FF journal: Peaks and Troffs
- #53,357
- Oct 8, 2012 3:57pm Oct 8, 2012 3:57pm
- Joined Jan 2010 | Status: Trader | 10,268 Posts
I agree with this. I think it will break 1.0200, go to 1.01850 area and then up long term. Well that's my play atleast. Just waiting.
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- #53,358
- Oct 8, 2012 4:27pm Oct 8, 2012 4:27pm
Acutally now is not the best time to say a break of 1.0200 since.... we already had a daily confirmed close on friday BELOW 1.0200, soo instead today was exactly as i foresaw... AUDUSD open with gap down as i said it would down to 1.0165 gap got filled at 1.0190 at friday's close.. then it went up to test the daily pivot at 1.0203 and tada, it got rejected. so really its not a Break of 1.02 but rather a Retest of 1.02 as a resistance and resistance held
If we drift up 1.0200 becomes the level to play off of again. If 1.0210 is taken we are buyers with the near term momentum which could carry over to become a trade on the daily time frame.