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AUD/USD

  • #97,921
  • Jul 13, 2016 6:05am Jul 13, 2016 6:05am
Quoting KeenPips
{quote} Stepping aside for now is a good strategy mate
you are right bro
  • #97,922
  • Jul 13, 2016 3:52pm Jul 13, 2016 3:52pm
Quoting polonoon
i beleive that tbe trend of Aud usd i bullish but the data today if shows as expected and break support 0.7575 abd 0.7522 will hold this bullish trend then to confirm action if its bullish ir bearish
The bullish movement you saw was a correction within the longer time frame my friend. Start on the weekly and monthly time frames, where the trend has been down for a while. If you use Elliot waves, you will notice the 4-hour has been down for a little while, and its moving nicely into a possible Wave 3.
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  • #97,923
  • Jul 13, 2016 3:54pm Jul 13, 2016 3:54pm
Quoting TaoTrader
{quote} The bullish movement you saw was a correction within the longer time frame my friend. Start on the weekly and monthly time frames, where the trend has been down for a while. If you use Elliot waves, you will notice the 4-hour has been down for a little while, and its moving nicely into a possible Wave 3.
target for audusd?
  • #97,924
  • Jul 13, 2016 3:55pm Jul 13, 2016 3:55pm
Quoting logan911
{quote} target for audusd?
Gimme a sec and I'll post my predictions :-)
  • #97,925
  • Jul 13, 2016 3:56pm Jul 13, 2016 3:56pm
long term target 0.7323 unless a surprise happen on the figures after four hours
  • #97,926
  • Jul 13, 2016 4:08pm Jul 13, 2016 4:08pm
As long as the downtrend continues, my take profit targets are as follows: looking first at the Monthly, Wave 3 going down to 61.8% would be around 0.72184; 100% would be 0.69545; my weekly targets are the same here; the daily targets are different because of the strong upward correction, but in this case I'm more interested in the 4-hour targets, as the daily will take a little longer to come around, but you can still see the respective fibonacci levels on the screenshots i posted. For the 4-hour time frame, my 4-hour targets are 0.75875 for 61.8%, 0.75569 for 100%, 0.75098 for 161.8 %, and the most likely scenario as long as the down trend continues, will be 261.8% with a take profit at 0.74275.
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  • #97,927
  • Jul 13, 2016 4:10pm Jul 13, 2016 4:10pm
Quoting TaoTrader
As long as the downtrend continues, my take profit targets are as follows: looking first at the Monthly, Wave 3 going down to 61.8% would be around 0.72184; 100% would be 0.69545; my weekly targets are the same here; the daily targets are different because of the strong upward correction, but in this case I'm more interested in the 4-hour targets, as the daily will take a little longer to come around, but you can still see the respective fibonacci levels on the screenshots i posted. For the 4-hour time frame, my 4-hour targets are 0.75875 for 61.8%,...
thank you for the predictions and input
  • #97,928
  • Jul 13, 2016 4:13pm Jul 13, 2016 4:13pm
Quoting logan911
{quote} thank you for the predictions and input
No problem my friend! :-)
  • #97,929
  • Jul 13, 2016 4:15pm Jul 13, 2016 4:15pm
Quoting polonoon
long term target 0.7323 unless a surprise happen on the figures after four hours
Yes your long term target would correspond with the monthly time frame, something we could surely see happen very soon. Possibly by Friday or next week definitely. It depends on how impulsive the price action is.
  • #97,930
  • Jul 13, 2016 4:39pm Jul 13, 2016 4:39pm
Quoting TaoTrader
{quote} The bullish movement you saw was a correction within the longer time frame my friend. Start on the weekly and monthly time frames, where the trend has been down for a while. If you use Elliot waves, you will notice the 4-hour has been down for a little while, and its moving nicely into a possible Wave 3. {image}
Hi TT! That was 10 hours ago. Currently the pa on the 4H is disposed to the downside but the momentum is weak, apparently the daily and the weekly tfs are in conflict. Trade safe.
Do your homework, follow the footprints of smart money
  • #97,931
  • Jul 13, 2016 4:44pm Jul 13, 2016 4:44pm
Quoting KeenPips
{quote} Hi TT! That was 10 hours ago. Currently the pa on the 4H is disposed to the downside but the momentum is weak, apparently the daily and the weekly tfs are in conflict. Trade safe.
Hello KeenPips! Yes the PA on the 1 hour and 4 hour are going down, let's see if it keeps going or hits a pause. Right now this pair seems to be taking a short breather, but that's perfectly normal lol.
  • #97,932
  • Jul 13, 2016 4:47pm Jul 13, 2016 4:47pm
Quoting KeenPips
{quote} Hi TT! That was 10 hours ago. Currently the pa on the 4H is disposed to the downside but the momentum is weak, apparently the daily and the weekly tfs are in conflict. Trade safe.
I wouldn't say the daily and weekly are in conflict, its just that the daily has been correcting for a while, while it takes longer for the weekly time frame to show this movement. In my opinion they are syncing up nicely. I agree with you the momentum is still slightly weak. I have 67 open trades I've been short for a while on this pair, waiting to see when the downward movement will turn impulsive. I have my eye on Friday or next week at the very latest. The PA can never go one direction continuously, it must always pause for a breather before continuing, but I'm sure you know that LOL
  • #97,933
  • Jul 13, 2016 5:27pm Jul 13, 2016 5:27pm
Quoting TaoTrader
{quote} I wouldn't say the daily and weekly are in conflict, its just that the daily has been correcting for a while, while it takes longer for the weekly time frame to show this movement. In my opinion they are syncing up nicely. I agree with you the momentum is still slightly weak. I have 67 open trades I've been short for a while on this pair, waiting to see when the downward movement will turn impulsive. I have my eye on Friday or next week at the very latest. The PA can never go one direction continuously, it must always pause for a breather...
I agree. There is more downside in this one longer term.
  • #97,934
  • Jul 13, 2016 5:31pm Jul 13, 2016 5:31pm
Quoting bladerogers
{quote} I agree. There is more downside in this one longer term.
Yep watching it closely with excitement to see what happens :-).
  • #97,935
  • Jul 13, 2016 5:33pm Jul 13, 2016 5:33pm
Yeah me too. 7660 is a stronger resistance
SELL!!
  • #97,936
  • Jul 13, 2016 5:45pm Jul 13, 2016 5:45pm
Quoting piratachile
Yeah me too. 7660 is a stronger resistance SELL!!
I've been short on this pair since May! I'm selling all day hahahaha! When the correction starts again I'll go long, I even try to trade intraday corrections if i have the time, to maximize my profits, even though I'm a swing trader :-). But yes def this pair is short!
  • #97,937
  • Jul 13, 2016 5:54pm Jul 13, 2016 5:54pm
And I won't touch it until there are signs of reversal long term. Brokers swap fees are just to high on this pair.
  • #97,938
  • Jul 13, 2016 6:02pm Jul 13, 2016 6:02pm
Quoting bladerogers
And I won't touch it until there are signs of reversal long term. Brokers swap fees are just to high on this pair.
So are you short on this pair or waiting?
  • #97,939
  • Jul 13, 2016 6:10pm Jul 13, 2016 6:10pm
Quoting TaoTrader
{quote} I wouldn't say the daily and weekly are in conflict, its just that the daily has been correcting for a while, while it takes longer for the weekly time frame to show this movement. In my opinion they are syncing up nicely. I agree with you the momentum is still slightly weak. I have 67 open trades I've been short for a while on this pair, waiting to see when the downward movement will turn impulsive. I have my eye on Friday or next week at the very latest. The PA can never go one direction continuously, it must always pause for a breather...
Thanks. Green pips to you.
Do your homework, follow the footprints of smart money
  • #97,940
  • Jul 13, 2016 6:12pm Jul 13, 2016 6:12pm
Quoting KeenPips
{quote} Thanks. Green pips to you.
Yep yep :-). Same to you!
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