Attachments: AUD/USD

AUD/USD

#75,061
Mar 25, 2014 8:28am Mar 25, 2014 8:28am

giveachance
Joined Jun 2013 | Status: Trader by hobby not by profession | 7,086 Posts

I see no signs of a bull here specially when we haven't taken out the imp level of 58 and then 80. till we are below shorts are fine and target 0.9072

#75,062
Mar 25, 2014 9:21am Mar 25, 2014 9:21am

wiseambition
| Joined Oct 2012 | Status: Trader | 684 Posts

Quoting giveachance

Disliked

I see no signs of a bull here specially when we haven't taken out the imp level of 58 and then 80. till we are below shorts are fine and target 0.9072

Ignored

Yes I can see a 61.8 fib line at that point

#75,063
Mar 25, 2014 9:23am Mar 25, 2014 9:23am

Praga
| Joined Nov 2009 | Status: Keep It Simple | 172 Posts

Quoting giveachance

Disliked

I see no signs of a bull here specially when we haven't taken out the imp level of 58 and then 80. till we are below shorts are fine and target 0.9072

Ignored

Do not forget the trend is still up and isn't broken. The move up isn't finished yet. I would first wait for downwards movement before even thinking of going short. It may well go to .9204.

Important resistances : .9169 .9204 .9260 .9278

Best now, is wait till break out of the 0.9169 and candle close to go long , BUT NOT ADVISED as you will buy high. Best entry spot was a lot earlier but no need to say that. I will possibly look for sell at .9204, not before.

Oh little fun fact... SMA cross over on the WEEKLY chart

#75,064
Mar 25, 2014 9:51am Mar 25, 2014 9:51am

wiseambition
| Joined Oct 2012 | Status: Trader | 684 Posts

I would see a fractal break of around 0.9139 before calling it a sell. The price has levelled out somewhat in the last 6 hours; a roll down could occur within the next 2 or 3, that's on H1 timeframes

#75,065
Mar 25, 2014 10:22am Mar 25, 2014 10:22am

Brassboy
| Joined Dec 2012 | Status: Boy plunger | 136 Posts

JP Morgan once said that "prices will fluctuate". Even he would be wrong on this occasion.

#75,066
Mar 25, 2014 10:22am Mar 25, 2014 10:22am

Didgeridoo
| Joined Oct 2012 | Status: Eating potato chips | 629 Posts

Quoting giveachance

Disliked

I see no signs of a bull here specially when we haven't taken out the imp level of 58 and then 80. till we are below shorts are fine and target 0.9072

Ignored

I agree that it's looking more bearish than bullish. But, there seems to be much indecision too (or heavily conflicting sentiments).

#75,067
Mar 25, 2014 10:30am Mar 25, 2014 10:30am

whackdiddy
| Joined Nov 2011 | Status: Trader | 891 Posts

trade the chart, no emotions, no ideas, no imaginings. I lose money every time i step away from my charts.
example, early Monday morning I set my entire week up. If I had of stuck to the plan I would be 2k up this week. But for some reason yesterday I thought we were going bearish, closed my longs and entered shorts. I am now sitting at -1.2k

A genius is born every minute, me I am lucky if my socks match.

#75,068
Mar 25, 2014 10:35am Mar 25, 2014 10:35am

azmannan16
| Commercial User | Joined Jul 2011 | 120 Posts

AU will going down

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#75,069
Mar 25, 2014 10:55am Mar 25, 2014 10:55am

whackdiddy
| Joined Nov 2011 | Status: Trader | 891 Posts

Quoting azmannan16

Disliked

AU will going down {image}

Ignored

A genius is born every minute, me I am lucky if my socks match.

#75,070
Mar 25, 2014 11:19am Mar 25, 2014 11:19am

Brassboy
| Joined Dec 2012 | Status: Boy plunger | 136 Posts

Definitely picked the wrong fucking pair to trade today.

#75,071
Mar 25, 2014 12:06pm Mar 25, 2014 12:06pm

thole91
| Joined Feb 2014 | Status: Trader | 63 Posts

I'm sick of this pair.

#75,072
Mar 25, 2014 12:07pm Mar 25, 2014 12:07pm

Triberry
| Joined Sep 2011 | Status: Trader | 78 Posts

Right now I am thinking the latest bar up in the aud/usd is a huge trick for those people wanting to go long after the S/R break. The counter more down, I think, is gonna be swift!!

#75,073
Mar 25, 2014 12:23pm Mar 25, 2014 12:23pm