Attachments: AUD/USD

AUD/USD

#90,461
May 20, 2015 10:04am May 20, 2015 10:04am

Dano12
Joined Nov 2012 | Status: Trader | 5,895 Posts

strong resistance correlation with AUD to support

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#90,462
May 20, 2015 1:56pm May 20, 2015 1:56pm

JamesBr
| Joined Apr 2015 | Status: Trader | 27 Posts

Quoting Dano12

Disliked

http://imageshack.website/e/Liw9-SSw3.jpgstrong resistance correlation with AUD to support {image}

Ignored

I really like the ranging !! Lots of opportunities!

#90,463
May 20, 2015 5:49pm May 20, 2015 5:49pm

kinspk
Joined Dec 2011 | Status: Alcoholic | 970 Posts

http://www.afr.com/business/mining/c...0150520-gh5leq

This will significantly affect Australia Ore's export. They are also offering lower cost and better grades.

The only winner is the one who survive the longest...

#90,464
May 20, 2015 8:06pm May 20, 2015 8:06pm

skyhok
Joined Feb 2014 | Status: Trader | 1,796 Posts

Traded the impulse wave (c) projection.

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http://www.forexfactory.com/showthre...08#post8266108

Elliott Wave for optimum entry, exit and risk management of trades

#90,465
May 20, 2015 9:13pm May 20, 2015 9:13pm

FxLapozi
Joined May 2012 | Status: Trading from Mars | 830 Posts

A sudden strong surge upwards with no reason

#90,466
May 20, 2015 9:38pm May 20, 2015 9:38pm

peeterwoolf
| Joined Apr 2014 | Status: Trader | 238 Posts

The pair is currently consolidating just below 0.79 level, and support can be found 0.7850.

#90,467
May 20, 2015 11:26pm May 20, 2015 11:26pm

Fx_Anil
Joined Jul 2013 | Status: Trader | 1,738 Posts

Quoting vinpang2

Disliked

{quote} Agree with you !

Ignored

As the pair failed to break 0.7850, i think it could bounce towards 0.7935-40 region before registering another decline.

#90,468
May 21, 2015 5:39am May 21, 2015 5:39am

skyhok
Joined Feb 2014 | Status: Trader | 1,796 Posts

Quoting Fx_Anil

Disliked

{quote} As the pair failed to break 0.7850, i think it could bounce towards 0.7935-40 region before registering another decline.

Ignored

Very likely,

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Elliott Wave for optimum entry, exit and risk management of trades

#90,469
May 21, 2015 11:14pm May 21, 2015 11:14pm

Fx_Anil
Joined Jul 2013 | Status: Trader | 1,738 Posts

Quoting skyhok

Disliked

{quote} Very likely, . {image}

Ignored

Channel break helped the pair rally towards 0.7930 region, 0.7960 could become respectable now.

#90,470
May 21, 2015 11:33pm May 21, 2015 11:33pm

bogus
Joined Mar 2007 | Status: Symbol | 2,788 Posts

Quoting Fx_Anil

Disliked

{quote} Channel break helped the pair rally towards 0.7930 region, 0.7960 could become respectable now.

Ignored

That's a good initial target.

FF journal: Peaks and Troffs

#90,471
May 22, 2015 12:54am May 22, 2015 12:54am

Dano12
Joined Nov 2012 | Status: Trader | 5,895 Posts

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#90,472
May 22, 2015 12:59am May 22, 2015 12:59am

skyhok
Joined Feb 2014 | Status: Trader | 1,796 Posts

A count of the very subtle minor waves indicates a typical flat a-b-c correction may have completed at 0.7927, just pasted target zone (pink) for a flat correction.
Watching for the downside potential.

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Elliott Wave for optimum entry, exit and risk management of trades

#90,473
May 22, 2015 1:01am May 22, 2015 1:01am

Fx_Anil
Joined Jul 2013 | Status: Trader | 1,738 Posts

Quoting bogus

Disliked

{quote} That's a good initial target.

Ignored

Thanks for Agreeing.......

#90,474
May 22, 2015 3:16am May 22, 2015 3:16am

Dano12
Joined Nov 2012 | Status: Trader | 5,895 Posts

AUDUSD - 0.7800 (AUD 582m), 0.7850 (542m),0.7920 (1.2bln), 0.8000 (1.2bln)

#90,475
Edited 4:43am May 22, 2015 4:42am | Edited 4:43am

ItsAtrap
| Joined May 2015 | Status: Trader | 400 Posts

Hello all.

Am looking for a long around here (will wait for a dip of 10-15 pips to buy around 0.7875. If it doesn't get there, I won't buy as I like tiny SLs) with SL just below the recent lows on the 4H.

Good R/R, as I am looking for a swing high to just under 0.81

Good luck all.

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#90,476
May 22, 2015 6:12am May 22, 2015 6:12am

582
| Joined Nov 2009 | Status: Trader | 13 Posts

the retracement up from this four day decline in the aud looks weak so more downside is possible. if the long stops under .7860 are taken out then .7810 is possible sometime next week.
nice chart work skyhok, thanks.

have a good one 582

#90,477
May 22, 2015 7:15am May 22, 2015 7:15am