Let's make a big bucks, short aud until it dead - 0.6??? | Forex Factory

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Let's make a big bucks, short aud until it dead - 0.6???

  • #1
  • First Post: May 29, 2013 12:58am May 29, 2013 12:58am
As AUD seem going weak and weak recently,
If the trend is form, let;s short it, make ruin of aud, then earn a big bucks!!!!!
what say you......
  • #2
  • May 29, 2013 5:34am May 29, 2013 5:34am
Quoting livingston12
,If the trend is form,....
What does that mean? The trend is form???
Please Do Not PM Me With Coding Enquiries
  • #3
  • May 29, 2013 7:44am May 29, 2013 7:44am
Quoting livingston12
As AUD seem going weak and weak recently,If the trend is form, let;s short it, make ruin of aud, then earn a big bucks!!!!!what say you......

According to higher time frame charts now we have a good place to look for longs or at least for a good retracement before continuing the down trend.
  • #4
  • May 29, 2013 7:43pm May 29, 2013 7:43pm
I think that its too late now to short the AUD/USD because it has almost reached too much low level and there are all chances that it may bounce from this level. Thus, better to avoid taking such irrational decision.
  • #5
  • Jun 5, 2013 4:59pm Jun 5, 2013 4:59pm
Pretty clear downtrend but the timing of your entry seems poor. It also looks like it could bounce off the bottom support of that yearlong range.
THERE IS AS YET INSUFFICIENT DATA FOR A MEANINGFUL ANSWER.
  • #6
  • Last Post: Jun 5, 2013 6:12pm Jun 5, 2013 6:12pm
Quoting WilliamDa
According to higher time frame charts now we have a good place to look for longs or at least for a good retracement before continuing the down trend.
I have to agree with this. Even the Hourly charts I trade from are starting to show indications that a retrace is in the near future (wouldn't be surprised if it was set off before end of Europe session tomorrow, and I'd like to think by close of Sydney session tonight).
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