Likely, a bounce from here. .7300- .7330 is a very supportive level.
The bounce might just be a small correction before the resumption of downtrend.
The bounce might just be a small correction before the resumption of downtrend.
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DislikedI can't express how much I hate forex right know. Like my team ( the same the pope follows ..as a colour note) makes me angry and yet I love it. Why on earth did it go down like that is beyond my limited comprehension of the markets. Don't give me the Fed hikes Bullshit. My 2 year old.knew the hike was coming...and yet it was not priced in ? Fk I don't really understand a thing a about currency. Still it can go up as per technicals ...but on don't trust my analysis anymoreIgnored
DislikedThe first rate hike in a DECADE! (expected or not) .. was the moving force ... Most of you sit back waiting for confirmation on a trade setup before initiating but can not understand the market as a whole doing it Re:rate hike ???? just couple it with the aussie triple AA rating teetering on a knife edge and makes for a perfect storm ...... IMO cheers & trade safeIgnored
Disliked{quote} The first rate hike in a DECADE happened LAST December...Ignored
DislikedHi. I don't Agree with this logic guys sorry. I mean you know how to trade KUDOS for that! my point is this does not help me at all 1) it is NOT the first hike in a decade. 2) it is only mere 0.25 %. This is chicken shit. In Argentina the Government offers 3% a year treasure notes in USDs which are safe enough and they do this every second Wednesday. 3% versus what..0.50% now? 3) AUD is not Mexican Peso . Some people talk as if Australia was Zambia. Australia is top 5! My money feels very safe there... The money in Argentinian banks..now...Ignored
DislikedI can't express how much I hate forex right know.  Like my team ( the same the pope follows ..as a colour note) makes me angry and yet I love it.  Why on earth did it go down like that is beyond my limited comprehension of the markets. Don't give me the Fed hikes Bullshit. My 2 year old.knew the hike was coming...and yet it was not priced in ? Fk I don't really understand a thing a about currency.  Still it can go up as per technicals ...but on don't trust my analysis anymoreIgnored
DislikedI can't express how much I hate forex right know. Like my team ( the same the pope follows ..as a colour note) makes me angry and yet I love it. Why on earth did it go down like that is beyond my limited comprehension of the markets. Don't give me the Fed hikes Bullshit. My 2 year old.knew the hike was coming...and yet it was not priced in ? Fk I don't really understand a thing a about currency. Still it can go up as per technicals ...but on don't trust my analysis anymoreIgnored
DislikedFor what its worth, I use a month Elliot Wave as a general guide and anticipate price to go lower? (-7000) 29th Nov representing Point 4 on the graph. Of course there's still plenty of room for trade set ups in both directions I am currently in a sell taken yesterday.Ignored
DislikedMy second position the risk reward is ok see how it goes. {image}Ignored
DislikedHi. I don't Agree with this logic guys sorry. I mean you know how to trade KUDOS for that! my point is this does not help me at all 1) it is NOT the first hike in a decade. 2) it is only mere 0.25 %. This is chicken shit. In Argentina the Government offers 3% a year treasure notes in USDs which are safe enough and they do this every second Wednesday. 3% versus what..0.50% now? 3) AUD is not Mexican Peso . Some people talk as if Australia was Zambia. Australia is top 5! My money feels very safe there... The money in Argentinian banks..now...Ignored
Disliked{quote} There was a time when the AUD was called the pacific Paso. The AUD is known as a commodity currency which is valued predominantly by the price and supply and demand of commodities. This means investing in AUD is a high risk investment and money can only be made when Australia sell it resources to other countries. Unlike the US which is or was driven by its own manufacturing and consumption. The US are considered leading in technology innovation entrepreneurship and hold 30% of the world wealth. Other safe haven counties include Japan and...Ignored
Disliked{quote}   Appreciate all your time guys to answer me. Still cannot see clearly why 25 points triggered this sell off. I can see now from TA that the last barrier has been broken.. will it hold?  Cheers   ÂIgnored
DislikedWeekend Analysis .72- .73 is an area filled with congestion in the past. I will execute short orders on any relief rally, shorting at current level is not appealing and does not give a good RR. {image}Ignored
DislikedI can't express how much I hate forex right know.  Like my team ( the same the pope follows ..as a colour note) makes me angry and yet I love it.  Why on earth did it go down like that is beyond my limited comprehension of the markets. Don't give me the Fed hikes Bullshit. My 2 year old.knew the hike was coming...and yet it was not priced in ? Fk I don't really understand a thing a about currency.  Still it can go up as per technicals ...but on don't trust my analysis anymoreIgnored
Disliked{quote} When the righting is on the wall why not take advantage of it... we made 16K on that profit... I have always said that events / news are far more important then where graphs are heading. - Even though we all knew the rate hike was comming why would the USD go up so high? - When Interest rates go up... you be surprised how much people or fund managers pull out of the stock market as Yeilds decrease so currency becomes a + - Rates have been so low for such a long time, this rate rise shows the world that " on paper" USA is going places.Ignored
Disliked{image} {quote} If you have not closed up shop for the year, now is the time. Hated + trading = loss. And forget about the "revenge"trade or the "I'm bigger than the market" trade. Most times, you will lose. Best to keep account alive for next year. The USD is going up because... ? It is. No need to give post mortem on this pair. If you were long, you were wrong. I got stopped into short this pair for some of the ride down, recovered most of my loss on the longs I put on too soon after the announcement (I also thought the rate hike was fully priced)....Ignored