Thread: AUD/USD

Originally Posted by ;

AUD CPI q/q will be published on Tuesday and it might be a lousy number since there's a problem with inflation in Australia. This might cause the pair to drop back to 0.799 or lower. It resembles the rally is getting ahead of itself. The next level that it has to shut above on the daily chart is 0.8125 to become bullish, otherwise it might top out.

You are very correct. My long waiting closed for the amount breakout before joining otherwise it would crash. That amount is the high price of the last Gravestone Doji that crashed the pair. When high price of the strong bearish setup is broken it means the bulls aren't giving up.

Retest brewing.

Originally Posted by ;

I believe 150-200 pips left into the upside from here

down side obsoleted? Seriously?

Originally Posted by ;

quote down side obsoleted? Seriously?

Who knows the gaps been stuffed on all the pairs I think. Retesting TL soon, see shutdown talks go.

Shutdown ATM is the question on so many markets
just because
last time was down
and the timeframe
and to not mention the unmentionable

Went short with target of 0.79, cease above 0.8125

looks overbought and thick

Originally Posted by ;

went brief with target of 0.79, stop above 0.8125 looks overbought and hefty

Depends on you tf; do not fight strong tendency on the daily. It can be bloody

Originally Posted by ;

quote Depends on you tf; don't fight powerful fashion on the daily. It can be bloody

daily time period, USD might be supported by good information so brief AUD/USD may be a good trade

Originally Posted by ;

quote daily time frame, USD May Be supported by good data so short AUD/USD Can be a good trade

Friend don't trade what May happen, but what we see on the chart

As can be observed from the chart. I am long on AUDUSD. My target would be top of the trend channel. Unless if it is going to break the short term trend line.