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Quoting benaiah
Bears slamming it before it could even touch 8799. And pushing it down from there... Unless a super bullish signal appears, looks like we're going down to revisit the weekly open gap...
i couldn't agree more . waiting for the AUD monetary policy news in 5 hours again . hope to see the super bull rocks on
This is my view on H4. We're heading to 0.9xxx levels soon!
Wait, watch and enjoy the bull ride.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.jpg Size: 121 KB
Money never sleeps I can hear the dollar calling me
Quoting Rusmin
{quote} i couldn't agree more . waiting for the AUD monetary policy news in 5 hours again . hope to see the super bull rocks on
Yes, agree with you
Money never sleeps I can hear the dollar calling me
Quoting shivam332
This is my view on H4. We're heading to 0.9xxx levels soon! Wait, watch and enjoy the bull ride. {image}
Still waiting for breakout? Or did you jump on already?
hourly chart showing a nice bullish push, but 8803 resistance looms...
Quoting benaiah
{quote} Still waiting for breakout? Or did you jump on already?
I will jump soon but now I can see that it will break upper side soon
Money never sleeps I can hear the dollar calling me
Quoting benaiah
{quote} I think your entry looked good, and of course it worked out for you up until now. I also would not argue with the view that long-term AUDUSD will go down. But I think it will test 90-95 first. Won't you be tempted to take profit, and sell at a better price after it goes up?
The further away it moves from my target the more likely I am to exit but the less tempted I am to "buy back in" (sell actually).
GBPAUD is raising my eyebrow a bit. Seems poised for a break out on the upside as well.

Could we see a break out on both of the them? I guess not out of the real of possibility, but doesn't seem likely since they are negatively correlated (about 88% on the daily time frame).

So, I'm not ready to jump on the break out yet for AUDUSD. Anyone else see this, or care to comment?
Quoting 2+2=4ex
{quote} The further away it moves from my target the more likely I am to exit but the less tempted I am to buy back in.
As long as 8803 holds resistance, I think you will see another drop...
no breakout until it stops respecting the blue S/R areas...
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1.png Size: 82 KB
Quoting benaiah
{quote} As long as 8803 holds resistance, I think you will see another drop...
But it's my opinion this thing will eventually go higher (breakout) into 90-95 area, before it starts making new lows on the daily/weekly time frame
Quoting shivam332
This is my view on H4. We're heading to 0.9xxx levels soon! Wait, watch and enjoy the bull ride. {image}
bull poop. I bet .85 later this month
Quoting Lamira
{quote} bull poop. I bet .85 later this month
I keep wondering what is the point in such posts?
Let the market decide!
A/U will definitely be the pair to watch this evening. Below you can see a symmetrical triangle formation has formed, along with two bear gartley's formed above the triangle. Smart money, will initially break the triangle long, trapping the herd. Once they take the opposite side of the longs (short) they will turn around and push this thing down. The horizontal lines are where I will be entering short, as that is the where the harmonic patterns complete. This is just my opinion. If you take a look at GBP/AUD you will see it is consolidating forming an ascending triangle to the upside/ bull flag. Multiple confluences across pairs are telling the same story that the Aussie* will be going short. As much as i hate to say it, retail positions are stacked long - meaning the 'herd' is wrong.

Again, this is my opinion. Feel free to comment.

https://www.tradingview.com/x/utteDgcX/
Quoting Lamira
{quote} bull poop. I bet .85 later this month
I don't think we're heading to .85
Break above .8850 will open a way to 0.9xxx
Good luck with your shorts
Attached Image (click to enlarge)
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Money never sleeps I can hear the dollar calling me
Quoting farhanzaveri
A/U will definitely be the pair to watch this evening. Below you can see a symmetrical triangle formation has formed, along with two bear gartley's formed above the triangle. Smart money, will initially break the triangle long, trapping the herd. Once they take the opposite side of the longs (short) they will turn around and push this thing down. The horizontal lines are where I will be entering short, as that is the where the harmonic patterns complete. This is just my opinion. If you take a look at GBP/AUD you will see it is consolidating forming...
Totally agree on this. AUSUSD and GBPAUD both seeming to indicate AUD drop tonight.
There's always money in the banana stand.
Quoting Tcharq
{quote} I keep wondering what is the point in such posts?
just blonde rude girl.....
Quoting shivam332
{quote} I don't think we're heading to .85 Break above .8850 will open a way to 0.9xxx Good luck with your shorts {image}
thanks,friend . love luck
Quoting Lamira
{quote} thanks,friend . love luck
Welcome, wish you a lots of pips
Money never sleeps I can hear the dollar calling me
If this Chinese data is poor I think we will see a heavy drop in the AUD. This symmetrical triangle has consolidated the big run down, and I'm looking for the next leg.
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Hutch