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.
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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...
AUD
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aud chart n views
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