aud chart n views

Hi Guys,

What a time to be away from the markets... and I was back last month but i got caught up with plenty of catch up work... but i did enjoy reading all of your posts in HC...OK let me go to the charts from my personal ramblings...:-)

The following chart shows one year daily chart.. as i have marked that one very simple technical indicator of bull flag formed in Jun-Jul should have given us a long entry at 0.7699.


However we have past that zone... So where to from here?? I see another signal emerging from the charts i.e. the ascending triangle. If it breaks thro, i think that will be a valid signal for a long entry.
So where to from here?? If i look at the 2 year chart (shown below) the Fib projections gives me a target of 0.8943 . BUt at what time frame? My guess is 15 days from the next low reached (For e.g. if there is a low on 15-20 Sep, then the target will be reached on 4/5 Oct or else if there is no low and the price just breaks away from the triangle then it'll be just 15 trading days from now)...



Though i'm not sure about the time frame, if we move like yesterday, we'll reach there in 5 days...:-)...

Thanks guys for your invaluable contributions, i'll also looking forward to write/contribute something from now on... but i do hope to contribute in a positive way to this lively forum...

Regards
PMT
PS: These are all just my views and projections...as you can see i'm using the terms like 'Guessing' etc... so pls DYOR and act on them... But i do welcome any other points of view/critisism about my posts...because i have wrong before...and always willing to learn...