CME:A61!   Australian Dollar Futures
68 4 3
It seems to be bulish, but it has yet to show some real strength. About to test the bear trend line for the 3rd time and then there's switchback resistance up above. So I expect to see some bullish price action, but it'll be probably short-lived, perhaps for a week only.
I'm selling some first position after having taken the profit on my long USDJPY.
ForceFollower motleifaul
I'm glad to hear you like the setup. I only hope you haven't entered your short too soon. The trend line has not been actually tested just yet. So I am going to wait a day or two to see what it does at the trend line.
motleifaul ForceFollower
I got a first small position as well only. Just to be in... :-)
We are at an important resistance/support horizontal line that reaches back into last summer and was fought in November/December until it was finally broken on Dec. 11th.
I also realized that this trendlines still works best. For EURUSD I don't use indicators at all and it works best.
I agree to you concerning the AUDUSD. I even think that it's clear enough to go down imediately.
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