Thread: AUD/USD

Originally Posted by ;

AUDUSD is overbought, price is on a very strong historical resistance/support area and also at the peak of a Sep 2017 decreasing channel. Take a look. It's very likely to bounce back. But let's see if it goes against and fractures, because it was a extremely speedy movement from .75 zone. Additionally, it is possible to break the top of falling channel until .78xx area and then return to where it's now ( 0.77x) or all the way down to 0.7550. I don't anticipate massive hikes for this pair next year because the whole Aussie GDP prediction was readjusted to significantly less than that which it...

All yes except that USD doesn't seem that great at the moment also...

AUDUSD is about to come down in 0.7728 into 0.7603 best of luck to everyone over there.

Originally Posted by ;

AUDUSD is about to come down at 0.7728 into 0.7603 best of luck to everyone around.

Agree

At least minimal retracement must correct overbought condition.

Originally Posted by ;

simple repeating accumulation pattern in the past. Final TP for the bulls is 7740-7750 this week (after bank holidays). picture

has been a fairly clean setup. Flipped here but stops.

Originally Posted by ;

quote was a pretty sterile setup. Tight ceases although flipped here.

Shorted at 77450

Originally Posted by ;

quote Shorted at 77450

same here short @ 48. Stops @ 60. risk 12 points. I will re-enter later if I get stopped out. Goal is 7500.

If fails @ 60 new re-entry (brief) @ 80 stops @ 90, goal 7525. Risk 22 goal 7525. If instant runner has stopped outside, will take a pass. Risk restricted @ 22.

Stops struck -12. Re-entry posted in my own thread. Very high confidence that this will roll over today/tmrw the newest.

Originally Posted by ;

quote I'm leaving my trades at about 7730-7740. Strong resistance over there.

Took profit in my longs.
Good returns to end the season with.

Aussie today screwing with everybody lol. It looks like a sell, but the over-extension keeps coming.