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AUD/USD

  • #87,501
  • Nov 14, 2014 2:02am Nov 14, 2014 2:02am
Quoting Fx-opinion
{quote} I am very surprised that you are asking me this question. You know very well I am. TP=0.90000000000000000000000000000
don't find the correct answer in market. just feel it and follow the wave.
  • #87,502
  • Nov 14, 2014 2:32am Nov 14, 2014 2:32am
Nice rejection candle on H1 right on the 0.867x support level. If we can break 0.87 and then 0.874 will come.
  • #87,503
  • Nov 14, 2014 2:51am Nov 14, 2014 2:51am
Don't understand today's price action lol... Can't believe GA still hasn't broken out to either side yet... Everything seems to be moving rather weirdly today. The thing is there doesn't seem to be anything on the horizon for pound and aussie... so why is it consolidating so much hmmmm huge move imminent.
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  • #87,504
  • Nov 14, 2014 3:58am Nov 14, 2014 3:58am
Quoting jayjb
Nice rejection candle on H1 right on the 0.867x support level. If we can break 0.87 and then 0.874 will come.
The key number is 0.87631. If it breaks we will go higher.
  • #87,505
  • Nov 14, 2014 4:35am Nov 14, 2014 4:35am
Quoting Fx-opinion
{quote} The key number is 0.87631. If it breaks we will go higher.
Well, GA sure looks like it's breaking... 5 pips from yesterday's low... looking forward to some good moves after 16 hours of consolidation...

if it bounces here, risk of leading diagonal + third wave break out upwards.
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  • #87,506
  • Nov 14, 2014 4:49am Nov 14, 2014 4:49am
Closed the most recent shorts initiated today and opened long hedge... waiting to see if I should close everything.

something just doesn't feel quite right about today's move... Maybe it's a friday thing but I think not. Feels like big players are buying on every drop...

Hopefully this is the right call lol... oh well
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  • #87,507
  • Edited 6:08am Nov 14, 2014 5:18am | Edited 6:08am
Question now is... real or fake?

If it's real bounce, AUD/USD is gonna fall like nobody's business soon...

I'm biased towards real:

1) GBP/AUD hasn't touched daily pivot yet... it didn't touch yesterday as well, pretty rare to have two in a row...
2) if price was going to drop, it'd have dropped long ago.
3) 4H chart severely oversold and has pattern that allows for bounce.
4) The drop was funny... corrective in nature...
5) price hasn't dropped yet after 10 minutes -- it's going up! (i.e. aud/usd is going to drop like crazy)

still holding, but wary of possible reversal.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 69 KB
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  • #87,508
  • Nov 14, 2014 6:24am Nov 14, 2014 6:24am
As I have said before, if EURUSD goes above 1.25 and stays above it provided AUDUSD breaks 0.87631 we will go much higher. The news is after almost 1 hour. So we have to wait and see if this happens today. If not then we have to wait for next week, however, weekly and monthly chart are extremely in favor of longs. TP=900000000000000000000000000000000000
  • #87,509
  • Nov 14, 2014 6:26am Nov 14, 2014 6:26am
Good Afternoon!
Today's S/R Levels on MT4 Templates

EURO
CABLE
AUDUSD
USDJPY
GOLD

http://www.forexfactory.com/showthre...60#post7870460

EURO PINK
CABLE PINK
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #87,510
  • Nov 14, 2014 6:32am Nov 14, 2014 6:32am
0.8770 becomes important resistance for the AUDUSD; however, nearly a Doji (IMHO) candle on Daily chart signals the re-test of 0.8620.
Attached Image (click to enlarge)
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  • #87,511
  • Nov 14, 2014 6:36am Nov 14, 2014 6:36am
Keeping short ........... looks like X is doable by next week .............

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  • #87,512
  • Nov 14, 2014 6:37am Nov 14, 2014 6:37am
Quoting Ken A
Keeping short ........... looks like X is doable by next week ............. {image}
not sure about that but I think bloodbath today on aud/usd.

anyway im plannin to reload shorts on GA next monday evening after london close... see how it goes

for now upside could be enormous..
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  • #87,513
  • Nov 14, 2014 6:40am Nov 14, 2014 6:40am
Not unless you are bullish GBPUSD .......

My next target is X

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Click to Enlarge Name: GBPUSD.PNG Size: 23 KB
  • #87,514
  • Nov 14, 2014 6:43am Nov 14, 2014 6:43am
Quoting Ken A
Not unless you are bullish GBPUSD ....... My next target is X {image}
Not bullish; just corrective... but aud gonna drop hard!

anw i trade GA for its own price... who cares about GU.

Quoting shellsnail
{quote} Not bullish; just corrective... but aud gonna drop hard! anw i trade GA for its own price... who cares about GU.
Having said that I have no qualms switching my position if this proves wrong...
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  • #87,515
  • Nov 14, 2014 6:52am Nov 14, 2014 6:52am
You could be right .......... but I will never go long Bart Simpson pattern on H4 and there's no major support at current level ........

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  • #87,516
  • Edited 7:06am Nov 14, 2014 6:54am | Edited 7:06am
Quoting Ken A
You could be right .......... but I will never go long Bart Simpson pattern on H4 and there's no major support at current level ........ {image}
I know what you mean, I was short right till the low, fully expecting it to start plunging... but there's a pattern called leading diagonal (with a very deep retrace) and it's powerful as hell... we'll see I suppose? :/

Quoting shellsnail
{quote} I know what you mean, but there's a pattern called leading diagonal (with a very deep retrace) and it's powerful as hell... we'll see I suppose? :/
In fact I'll say the pattern is validated by the fact that the first push up from the retrace was so intense and high volume..
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  • #87,517
  • Nov 14, 2014 7:09am Nov 14, 2014 7:09am
And there's a slight possibility of a major sterling reversal here...

Check out this chart... it's sitting right on the trendline and it MIGHT BE forming a pressure breakout pattern on the daily...

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 59 KB


Price has also climbed above the 89EMA on the monthly chart and seems to have found support above it...

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 53 KB
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  • #87,518
  • Nov 14, 2014 7:23am Nov 14, 2014 7:23am
Quoting Fx-opinion
As I have said before, if EURUSD goes above 1.25 and stays above it provided AUDUSD breaks 0.87631 we will go much higher. The news is after almost 1 hour. So we have to wait and see if this happens today. If not then we have to wait for next week, however, weekly and monthly chart are extremely in favor of longs. TP=900000000000000000000000000000000000
buy limit at .862 joining long party really soon

Omg, he is back , one happy girl right here ahahaha 👍 you know I missed you
  • #87,519
  • Nov 14, 2014 7:28am Nov 14, 2014 7:28am
Quoting Fx_Anil
0.8770 becomes important resistance for the AUDUSD; however, nearly a Doji (IMHO) candle on Daily chart signals the re-test of 0.8620. {image}
Are you long or short? One day you say this and another day you say the opposite. If you are a day trader then that is a different story.
  • #87,520
  • Nov 14, 2014 7:30am Nov 14, 2014 7:30am
Quoting Lamira
{quote} buy limit at .862 joining long party really soon Omg, he is back , one happy girl right here ahahaha 👍 you know I missed you
Yes, I missed you too my girl
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