A butterfly pattern on the 5 mins chart further confirms the Gartley pattern on the hour.
{quote} I totally agree, .7860 area, if we close somewhere around there this week then we have nice big power type 1 on the weekly.. next week will be nice time to buy once it drops a little
Looks like we have a gartley pattern on the hour... abc correction on the earlier move due to AUD GDP release. My guess is wave 5 has not ended... Look for resistance @ 0.7827 - 0.7835...or double top @ 0.7818. {image}
- #90,569
- Jun 3, 2015 8:39pm Jun 3, 2015 8:39pm
- Joined Sep 2014 | Status: Trader | 4,176 Posts
sell AUD for bad trade balance?
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- #90,572
- Edited 10:22pm Jun 3, 2015 8:59pm | Edited 10:22pm
- Joined Sep 2014 | Status: Trader | 4,176 Posts
{quote} The bad "trade balance" has already had its effect causing AUD to go down, it's now time to buy AUD, Euro will go higher today or tomorrow which will drag the AUD UP with it, even if Euro doesn't do that, AUD is always a good buy at 0.77
1) jobless claims;
2) challenge job cut (may need one month shifting for 2014 data comparing).
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- #90,574
- Jun 3, 2015 10:04pm Jun 3, 2015 10:04pm
- Joined Mar 2007 | Status: Symbol | 2,788 Posts
FF journal: Peaks and Troffs
- #90,576
- Jun 4, 2015 1:17am Jun 4, 2015 1:17am
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,152 Posts
Money moves the market, not an indicator.
- #90,579
- Jun 4, 2015 2:27am Jun 4, 2015 2:27am
- Joined Mar 2007 | Status: Symbol | 2,788 Posts
FF journal: Peaks and Troffs
