Thread: AUD/USD

I forgot to post my chart within this thread yesterday. From now trend seems likes to be bearish and we are already in correction area. We should now search for some bears....

Yesterday H1 chart (3 Jan 2017....Oops 2018. . !)

Last 24 hours she has been showing all the signs of topping out exhibiting that important and long awaited 'Irrational exuberance with some kick ass 1h swings

So Im sticking me head outside @ 78.3 around the nose to get a trip south into a Tp of 75.2wot ever, or 75.2xx for the purists manual stop 79.1wot ever (vol dependant)

crash and burn then another effort for me is our looming Big Muda of an RN ... 80

Just recall DYOR, make certain you KISS and enjoy me .... GAMBLE! Responsibly


Peace'beef'freaks

Originally Posted by ;

quote Sorry. I said it erroneously. The matter is: When 350 was coated by it in three months 500 in six week shouldn't be a problem. Look at a week. Draw a bullish station. Make use of the probable price hitting the upper channel line. It projects at around 0.82xx probably 83 in about six weeks. All that just if it proceeds up. I have a small uncertainty because a sub channel is which may prevent this.

As much as I am a technical trader, I just can't fathom any fundamental reason for a buyer of the currency at this level. Anything is possible, but using a 40 pip daily range, it just doesn't seem plausible that the Aussie will proceed another 500 pips at the subsequent 30 trading sessions, particularly after such a strong run up in December.

Safe trading

Considering weekly/Daily PA and lately broken descending daily TL, A/NZ is your pair to be extended on.

I am only searching for shorts in this level, BUT the trend is still up. I will wait patiently.

) Daily chart

Originally Posted by ;

quote As much as I am a technical trader, I simply can't fathom any fundamental reason to be a buyer of this currency at this level. Anything is possible, but with a 40 pip daily range, it simply doesn't seem plausible that the Aussie will move another 500 pips at the next 30 trading sessions, especially after such a strong run up in December. Safe trading

Many consider the pleasure of moving contrary to strong trend.

Originally Posted by ;

quote Some take the pleasure of going against strong trend.

Our neighborhood (Australia) fundamental reports expecting a strong bull in 2018. Mainly due to increase in commodities, and stunning USD. Therefore, we could see 80 again sometime this season, who knows!
For now, I shall only take longs if the price is good.

Originally Posted by ;

Nope into what? It went right and right up down. I shorted at 0.7780 for a scalp. It went back up, but it fits your plan and that's awesome! I got to the bullish trend. Woot

Nope only into the fact that such bad data could not alter the up-trend.
Seems like you made some fantastic green pips. Congrats mate!

You too, man. What a rough pair!