AUD/USD

Quoting iqyu5an

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G Day... papa........ start seeing again bullish bamm or bullish dragon... but in lower TF ( 1 minute or m 5 ) sometimes it's just a noise or little volatility before europe open... let see papa.. yesterday... sterling broke the similar TL to the north sea jazz festival aniway.... kiss and hug for isabelle from me and my wife... major setup link {quote}

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Quoting Ill-b-back

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{quote} Buy the dip or wait for TL break rate cut priced in before the decision (as it usually is). Commentary over here is that the cut was a big surprise. This is BS, retail hurting and have been wanting it for quite some time. I'm thinking we are heading for Bullish H&S if that TL goes {image}

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Quoting bogus

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{quote} Nice to see a Bull. Too much forum Bear talk can play on my mind. Cheers.

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Quoting tsujigiri

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Hey all, just wanted to try running an idea off. I've quickly rebuilt some of the levels and channel I'm looking at on AUD, just though I'd post to see if anyone had any comment on it (I'm at work and don't have access to my usual charts so I've used FF charts). I'm thinking and looking at a crash into the top of a descending constricting channel with some reasonable resistance line to back it up (the green bits). My only concern on it is the bit circled in purple, which looks like the resistance was tested and then failed (solid move up from the...

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Quoting tsujigiri

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Hey all, just wanted to try running an idea off. I've quickly rebuilt some of the levels and channel I'm looking at on AUD, just though I'd post to see if anyone had any comment on it (I'm at work and don't have access to my usual charts so I've used FF charts). I'm thinking and looking at a crash into the top of a descending constricting channel with some reasonable resistance line to back it up (the green bits). My only concern on it is the bit circled in purple, which looks like the resistance was tested and then failed (solid move up from the...

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Quoting dab

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{quote} 1. How does the setup evaluate against your trading plan? 2. your proposal has good risk reward so could be worth a shot 3. 23.6% fib from the 1.0582 high to 1.0155 low is around 1.0256 (consistent with the high after jobs data) so your entry at 1.0260 might be a little high. 4. Looking at the calendar is there an event coming up that you think might tip things back down or are you just looking for a technical trade which could be against the recent job data?

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Quoting Freshpips

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{quote} Good morning, I have been watching the same potential move... I agree that whilst the purple area on your FF charts failed last time, I believe the confluence of said resistence, doubled with the upper decending trend line, plus a rejection from R3 could see the overall bearish move resume. Theres a few obstacles quite close together on the way down IMO being 1.0220/1, 1.0200, PP @ 1.0176, then the recent low @ 1.0154...

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Quoting tsujigiri

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{quote} Hey Dab, thanks for replying. All good points that I'll think about. Re: 4 the only news I can see is the US unemployment claims later this evening (in about 3 hours?). That's been getting progressively better the last several times with good "surprise to the upside" for USD. If that happens again it should support AUD/USD drop? It looks like too high an entry might be right, looks like it's dropping now... {quote} Hey Freshpips, I was thinking the same re:confluence. Also, I thought that 1.0220 may have been discredited as a stopping...

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