The Aussie is losing momentum to the downside and building energy within a coil for a move up soon. I'm planning to enter at the market with a first target objective 0.9178 where we could have a limited retracement before the final brake-out to the upside. 0.96000 is the medium term target, Watch out for the RBA minutes on the 3rd of September 2013.
Comments
LEONES
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Stopped on this one. Aussie moving lower - possible double bottom at 0.8825
Nickmail
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Nickmail
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i was saying you long near s1 by the end of month
LEONES
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interesting, how did you define S1, i'll try to re-enter later
Nickmail
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begining of convergention, & this is good one to try near support (pivots traditional, false)
LEONES
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Ill re-enter long close to the neck-line of the H&S
Nickmail
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so optimistic?
LEONES
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for the first target yes, it is just a two-three days trade, for the second I need to see if we can cross that resistance, why?