I might lose the AU short trade, but daily chart is suggesting somewhere between 1.018 and 1.034 is a good shorting opp.
Good rising wedge, and is entering selling territory
Last of the highs diverge against the uptrend if typical
This supports a return of the USDi buying if that is what is happening -
AU daily
Short EU doing OK - looks convincing
Long UC not convincing
Will watch for long UJ if a headfake low appears on Monday
Will be some interesting gaps Monday I think, but the daily patterns are more interesting - suggesting a change in the winds.
Build up positions if necessary, you will lose plenty on the wrong entries here. Might be a week to 2 to become clear, or it might happen straight away.
A turn from around these areas should be fairly lengthy. Don't be caught flat footed.
USdi might have found a bottom. Watch what happens next week - you should at least have that long.
- Forums
- Forex
- audusd - be on your toes
audusd - be on your toes
-
- There are more pages in this discussion • 61 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)