{quote} I am watching, both her and sister aussie bears need a retrace, but need be patient, last hr printing monthly weekly daily new low, sticking with monthly she printing last month and so far this month pretty mean candles, my guess is has caught a lot of traders out, Personally Im still hanging out for my 76 cents, done pretty nice off her, last 100 pips, of drop from may open 85 50 large chunk of trade has expired, Ill be on lookout for bear weakness, but for now just watching each hourly close then 4hr close then 12 then daily, etc etc just...
{quote} Nice one.
{quote} yup she missed clicking off 900pip drop from May High by 1 pip, normally I would expect some retrace as both may and june have been in vertical dive, which accordingly would assume present trend under weekly is down and trading lower tf,s is counter trend (not counting under 1hr as is just noise) so trying to find a long is trying to pick a bottom, ie smelly fingers stuff, I reckon a 400 - 450 pip retrace is on the cards, more if we hit 76cents, but presently is also trying to pick a bottom after a 900 pip vertical dive, so there is merit...
{quote} Thinking 1.0526 before a serious retrace. I wouldn't doubt touching the 2Y high of 1.0656. All depends on the dollar
{quote} Not sure how you look at it, but it isn't playing at the 1.3120-1.3150 area as I have marked with red lines. This shows that it is still going down. {image}
TP1 Hit. Zheming Where you on the train?
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