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DislikedBefore the Bull leaves the stage, Chinese may yell "ENCORE!" in the theater....
http://www.forexfactory.com/attachme...1&d=1344106823Ignored
DislikedThis is the updated weekly chart. The red cloud has broken. A crossover of the yellow DTL is imminent in the weekly context not daily. Before this happens, some twists are expected in daily movements.Ignored
DislikedThe popular a-b-c-d-e triangle view has been circulated on the internet and Aussie forums for a while. I have seen many people copied this concept without any doubts. I believe this is incorrect based on my EWP reading.Ignored
DislikedSome people are thinking the Aussie is heading to the Parity from this point because the yellow DTL is right above current PA. However, I look into underneath DNA to see if this bull is still in good condition. It appears that a crossing of this DTL is highly possible. There are tons of bears' SL right above this DTL. Once the Bull crosses this line in the sand, all SL will be triggered immediately and causes a chain reaction like a nuclear bomb explosion sending the Aussie to the Deep Space in no time. IMOIgnored
DislikedSome people are thinking the Aussie is heading to the Parity from this point because the yellow DTL is right above current PA. However, I look into underneath DNA to see if this bull is still in good condition. It appears that a crossing of this DTL is highly possible. There are tons of bears' SL right above this DTL. Once the Bull crosses this line in the sand, all SL will be triggered immediately and causes a chain reaction like a nuclear bomb explosion sending the Aussie to the Deep Space in no time. IMOIgnored
DislikedDrawing a a-b-c-d-e triangle is easy. However, I have not seen any rationales to support this concept so far.Ignored
DislikedWell then...There you have it....The BIG GREEN CANDLE we need to go south....Ignored
DislikedCOT says that majority are bulls rather than bears. Until that changes, this super-rocket is going to the depth of the earth^^Ignored
DislikedAud weekly daily and H4
On weekly down move for E 0.9750, if break upper blue line target 1.1195.
On daily down move for magenta line 1.0380, if break upper blue line target 1.0620.
On H4 start C wave target 1.0435-08.
Daily ATR for aud is 52 pips, regular ATR for aud is around 100 pips.because of this SL and TP should be reduced by half, compared to the usual use.
A refreshing weekend to all.Ignored