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Attachments: AUD/USD
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AUD/USD

GDP give me a chances to reload my shorts position..
i see AU need to closing below 64MA(yellow Line) in daily tf..
and soon, AU will drop because rejected by 38.2Fibo
Good Luck all
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Forex as Leverage
Quoting Chanlie
GDP give me a chances to reload my shorts position.. i see AU need to closing below 64MA in daily tf.. and soon, AU will drop because rejected by 38.2Fibo Good Luck all {image} {image}
Looking at price reaction, I tends to agree. Earlier movement looks like a big bull trap.
The true fact is market doesn't care, risk mgt is important.
Careful

Markets are front-running NFP (dollar gain) or someone somewhere knows
Quoting Ken A
Careful Markets are front-running NFP (dollar gain) or someone somewhere knows
go again to .93?
Quoting saqoli
{quote} go again to .93?
It might at London and Franky Open unless the GDP # was a mistake. And/or disappoint NFP. Either way there're pips in both direction. I love data day.
Quoting Ken A
{quote} It might at London and Franky Open unless the GDP # was a mistake. And/or disappoint NFP. Either way there're pips in both direction. I love data day.
usually I didn't like data day!!!
i am entering LONG positions 92600..Target price is 95.00 İT is a bear trap..not a bull.
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Quoting Ken A
{quote} It might at London and Franky Open unless the GDP # was a mistake. And/or disappoint NFP. Either way there're pips in both direction. I love data day.
few at GU Data release
In @ 1.67033 OUT @ 1.67203
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A good trader follows his rules, but great trader knows when to break them
Quoting Kizilaga
i am entering LONG positions 92600..Target price is 95.00 İT is a bear trap..not a bull. {image}
What makes you say that? The GDP number was a disappointment when you look at the details. Overall growth improved, but the focus was on improving consumers which did not meet expectations. The growth was thanks to mining and that too because of good weather and conditions. The short-term trend is bullish, when most fundamentals and mid-term and long-term technical points down. Sounds like a bull trap to me and you're going to get caught!
Quoting Kizilaga
i am entering LONG positions 92600..Target price is 95.00 İT is a bear trap..not a bull. {image}
What's your rationale?
Follow me at andrewfx2020 (dot) com
Quoting Kizilaga
i am entering LONG positions 92600..Target price is 95.00 İT is a bear trap..not a bull. {image}
Im with you on this one! Love me some AUD
All posts are my personal opinion
Quoting Kizilaga
i am entering LONG positions 92600..Target price is 95.00 İT is a bear trap..not a bull. {image}
You know what...as a matter of fact, it is a bull trap.
Hear the music before the song is over ...
Trap, Trap, Trap, Trap, Trap, Trap, Trap, Trap.... Everyone is saying trap. Please, let's be a little more constructive. If you have bothered to predict the market, and make a comment here, at least explain why.

Let's make this thread a little more stimulating.
Follow me at andrewfx2020 (dot) com
aussie in good position to SELL 9280 tp 9202 today , or 9165 by tomorrow
Some say Bear trap, some say b=Bull trap, but I think we have a bearish Gartley forming.

It looks like the pattern will complete at around 0.9300 for a strong selling opportunity.

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ECB likely to cut interest rates, how will this affect Aud?
Quoting ben82
ECB likely to cut interest rates, how will this affect Aud?
I believe if they cut rates and go beyond what the market is expecting, it should be risk-on for equity markets and thus supportive of the AUD.
Quoting AussieForexM
Trap, Trap, Trap, Trap, Trap, Trap, Trap, Trap.... Everyone is saying trap. Please, let's be a little more constructive. If you have bothered to predict the market, and make a comment here, at least explain why. Let's make this thread a little more stimulating.
AU Daily

Note the swings, the Highs are getting lower, the support is being constantly tested and .... Its going to break
Arguable shape indicating that the full downside could be as much as .899xx area

As far as today goes, would appear resistance has fallen to 0.93xxx area, looks like sell the rally's.
So it meets the requirements of a bull trap for high TF traders, the trend apparent is lower
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Quoting AussieForexM
Some say Bear trap, some say b=Bull trap, but I think we have a bearish Gartley forming. It looks like the pattern will complete at around 0.9300 for a strong selling opportunity. {image}
Yuip, have a good day!
Quoting JimmyC
{quote} AU Daily

Break zone and support....
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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