Thread: AUD/USD

Originally Posted by ;

quote Friend don't trade what might happen, but what we find on the chart

the chart shows that it is overbought and it is going to probably begin to fall below 0.79 this week, unless it can get over 0.8125

I was brief (you can refer to my thread) in 0.8, am outside (I took half in 0.7960) and the remainder in 0.798X. USD is acting like a little girl, so yeah....

Chart shows overbought but I am never a fan of overbought/oversold. Techs does indie a movement down, but USD is a little bitch so...

Originally Posted by ;

I was short (you can refer to my thread) at 0.8, am out (I took half at 0.7960) and the rest at 0.798X. USD is behaving just like a little girl again, so yeah.... Chart shows overbought but I am not a fan of overbought/oversold. Techs does indie a go down, but USD is a little bitch so...

I've been short because 78c and have my own highest among at 8026. 4hr chart indies we are starting to view highs and lower lows so I am happy to attempt to replace several positions closed in profit at 7999 and 7991 at 8015 and over. Have orders in place for over 8039 high if we get there. Daily is overbought but a week not there yet so I am prepared for up if it occurs until a good correction or reversal.

Originally Posted by ;

quote I have been brief since 78c and have my highest one at 8026. 4hr chart suggests we are starting to see highs and lower lows so I am happy to attempt to replace some positions closed in profit at 7999 and 7991 at 8015 and over. Have orders in place for over 8039 high when we arrive. Daily is overbought but a week not there yet so I am ready for up if it happens before a decent correction or reversal.

I used to exchange such as this. But your analysis is too short term, your looking at highs lows in the brief term. You may see AUSUSD is within an uptrend channel, when you consider the picture.
You might have done a buy today at .7950 with a very small stoploss. NEVER SELL within an station is my opinion. Unltil it's broken. And even then await a much better price into that a new downtrend station will grow.

Take profit at .8080

Originally Posted by ;

quote the chart demones it is overbought and it will probably start to fall under 0.79 this week, unless it could capture over 0.8125

Trying to select a shirt is fatal. Oversold or overbought is a fantasy

Originally Posted by ;

quote the chart demones that it's overbought and it will probably start to fall under 0.79 this week, unless it could get over 0.8125

The bulls are too powerful for the time being. Check the related pair, EURUSD . It is closing with Hammer with body bullish . The bulls will also be in charge of EU . Either you or I could be wrong, however, market is Perfect

When look at the weekly we find that for just six months no bearish candle had been in a position to form. On the monthly no bearish candle had been in a position to form for two months. This sort of movement helps to determine who are in charge. Trade safe. I remain bullish for my positions and now still open

Am just analyzing please- not asking anyone to follow my bias

Watch this pair carefully. It might be a month wedge which may break, or untrue split and then down. Here is a weekly chart.

Originally Posted by ;

View this pair closely. It might be or false split and then down. Here is a weekly chart. image

when its broken that large monthly. Then its no more valid, no such thing as a fracture