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AUD/USD

  • #95,561
  • Feb 15, 2016 1:25am Feb 15, 2016 1:25am
Quoting SkyrEk
{quote} Will be scalping for now, upon the break of neckline, i will give full shots of shorts!
Lol, definitely trying to sell it off here , todays R2 is a neckline of sorts on the short time frames, my mistake , last weeks high a neckline of sorts with r2 being shoulder area
  • #95,562
  • Feb 15, 2016 1:40am Feb 15, 2016 1:40am
Chart to go with last post, if the neckline does give way would look for it to get back too Fridays high guess it will depend on what london wants too do , bank holiday in the US Monday something to take note of , liquidity may not be to usual levels
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  • #95,563
  • Feb 15, 2016 2:05am Feb 15, 2016 2:05am
There is a Gartley on H1 and a Daily downtrend line just 30 pips above current price TP1 would be the H4 uptrend line giving about 100 pips profit for a 60 pip SL if entering now 0.714
Some people say I'm lucky, but the more I practice the luckier I get
  • #95,564
  • Feb 15, 2016 4:01am Feb 15, 2016 4:01am
Hi guys, this my view on the AUD/USD, first of all, this is not a H&S pattern, it's a king's crown, because the right side of the patter has taken out the support area @ 0.69724, then the right tip (right shoulder on the H&S pattern) has formed @ 0.7168 is higher than the left tip, so when this happens, there is 90% change the market will continue to go up, therefore my sell bias is invalidated and I'm expecting the pair to fulfill the gartley @ 0.7217 and the 2 hrs Capital Fib level @ 0.7262. Stochastics is oversold on the daily TF, but not yet on the 2 hrs TF, so we may have a retracement and then further extension to the targets mentioned before.

If it works or not, just time and the market will tell, I just want to show another perspective, trade wisely and always look at R:R ratio.

Happy pips everyone.

Fx 35.
Attached Image (click to enlarge)
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  • #95,565
  • Feb 15, 2016 4:42am Feb 15, 2016 4:42am
Quoting Fx 35
Hi guys, this my view on the AUD/USD, first of all, this is not a H&S pattern, it's a king's crown, because the right side of the patter has taken out the support area @ 0.69724, then the right tip (right shoulder on the H&S pattern) has formed @ 0.7168 is higher than the left tip, so when this happens, there is 90% change the market will continue to go up, therefore my sell bias is invalidated and I'm expecting the pair to fulfill the gartley @ 0.7217 and the 2 hrs Capital Fib level @ 0.7262. Stochastics is oversold on the daily TF, but not yet...


im leaning toward your view on the upside but not necessarily the patterns or gartley as its not my style
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #95,566
  • Edited 5:20am Feb 15, 2016 5:18am | Edited 5:20am
W1 aussie
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  • #95,567
  • Feb 15, 2016 7:09am Feb 15, 2016 7:09am
took one short at 7164 but we are not there yet to get fully involved in selling this pair. waiting.
As Above, So Below
  • #95,568
  • Feb 15, 2016 7:28am Feb 15, 2016 7:28am
Quoting tashkent
took one short at 7164 but we are not there yet to get fully involved in selling this pair. waiting.

waiting out as well.
  • #95,569
  • Feb 15, 2016 7:35am Feb 15, 2016 7:35am
Quoting SkyrEk
{quote} waiting out as well.
this is not traffic redirecting, but i am waiting for 7210 since last week. this is where will start taking more serious shorts and planning to follow it until 7420 with heavy positions
http://www.forexfactory.com/showthre...03#post8742903
As Above, So Below
  • #95,570
  • Feb 15, 2016 9:36am Feb 15, 2016 9:36am
Quoting Fx 35
Hi guys, this my view on the AUD/USD, first of all, this is not a H&S pattern, it's a king's crown, {image}
Hey Fx 35 thanks for sharing your chart, please can you tell more details about the King's Crown or if you have a link to share pls? many thks!
  • #95,571
  • Feb 15, 2016 11:20am Feb 15, 2016 11:20am
Attached Image
  • #95,572
  • Feb 15, 2016 1:03pm Feb 15, 2016 1:03pm
Took small short.
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  • #95,573
  • Feb 16, 2016 12:53am Feb 16, 2016 12:53am
On the Chart show a few technical indicators of short term trend reversal, first it looks like we are ending a double zizag represented by wave a,b,c,x,a,b,c. Second good indicator is the TSI and price has a divergence, shown on the cart. Going short taking profits @.69070
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  • #95,574
  • Feb 16, 2016 3:39am Feb 16, 2016 3:39am
Quoting leomel85
On the Chart show a few technical indicators of short term trend reversal, first it looks like we are ending a double zizag represented by wave a,b,c,x,a,b,c. Second good indicator is the TSI and price has a divergence, shown on the cart. Going short taking profits @.69070 {image}
agree with you mate,but i think it's too early to enter short... i think we need to wait for the price to break the trend line,
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"Risk comes from not knowing what you're doing"
  • #95,575
  • Feb 16, 2016 4:30am Feb 16, 2016 4:30am
I'm either a fool or a genius because I appear to be one of the only people here holding longs in this pair
  • #95,576
  • Feb 16, 2016 4:32am Feb 16, 2016 4:32am
Quoting FXClarity
I'm either a fool or a genius because I appear to be one of the only people here holding longs in this pair
You are right, despite Oil, Gold falling AUD is still going up, so UP is where we should be heading.
  • #95,577
  • Feb 16, 2016 4:39am Feb 16, 2016 4:39am
You are not the only one holding longs. There's no point declaring it unless for discussion purposes and it will hurt the feelings of those with short bias
  • #95,578
  • Feb 16, 2016 4:42am Feb 16, 2016 4:42am
I been longing from 69 but out know , that 71.80 looks very hard to break . Also the Oil meeting as ended recently in Doha and oil going back down which will put more pressure on the Battling Aussie ''she's a fair dinkum ripper '' well done .Good luck to all!


Quoting FXClarity
I'm either a fool or a genius because I appear to be one of the only people here holding longs in this pair
  • #95,579
  • Feb 16, 2016 4:48am Feb 16, 2016 4:48am
Quoting FXClarity
I'm either a fool or a genius because I appear to be one of the only people here holding longs in this pair
what is your entry level?
  • #95,580
  • Feb 16, 2016 4:53am Feb 16, 2016 4:53am
Quoting FXClarity
I'm either a fool or a genius because I appear to be one of the only people here holding longs in this pair
Don't say that, as long you have a trading plan and you make profits out of it, whatever your bias is, will be respected. (Your bank account will respect it most)

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