beware the 100hour MA now @ 7681. price has been above it for all of August, apart for a brief moment at the RBA announcement (following which a sharp recovery back above was made) price has bounced off it pretty hard each time. however, this time multiple (although shallow) attempts have been made earlier today - the double print down to 7670 - it was looking buoyant earlier pre-europe but now instead it's looking heavy there. a break could imply a change of bias. nonetheless, be careful of a sharp bounce. trade safe!
It has currently fallen through for the second time today, let's see what happens, thanks for sharing.
{quote} Thank you for this observation, most helpful. I've been caught out badly this week, this made me reassess whether this was continuing on it's merry way up, or about to take a turn for the worse
{quote} You're welcome. This forum is for us to share our analysis and debate opinion! With the ugly US retail sales numbers, I think it's quite obvious now that the aud is still a buy and it might even intensify next week as more investors jump onto the yield chase (especially since chances of a US hike this year have again diminished even more). I missed the boat on the 30pip jump... Was afraid to enter in case I missed some info and was worried it'll fade. But it's always better to gain nothing than to make an unnecessary loss chasing the market....
{quote} Yes US data was a shocker could be a game changer for my analysis and why I wanted to wait until monday for an entry
{quote} Better turn off my platforms before I get itchy fingers
{quote} Hahaha I feel you. I've still got that "damm why didn't I just jump on the buy!!" feeling inside. So tempting to just pick a level to enter now.
{quote} I was going to short the top of that spike but nah I want to sleep tonight so better wait till monday
kinda surprised. Ok anyway really off for the weekend now. Seeya all on Monday!
