FX:AUDCHF   Australian Dollar/Swiss Franc
112 16 3
I expect another rally off the lower median line parallel. The aussie is currently oversold, while being very strong; the franc is just the opposite. The first resistance is likely to be felt at 0.8267, but I'll be looking to TP at 0.8290 (it may be able to go even higher, to the sliding parallel).
itaskar
2 years ago
yep, I am in..first buy 0.8178, now 0.8239..TP 0.8500 (0.764 fibo 7.11.13-24.1.14)
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itaskar itaskar
2 years ago
I think that we can slide down a little bit, somewhere to 0.819X area
snapshot
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ForceFollower itaskar
2 years ago
Yes, I've got this fork too. Actually a bit different (with the same A & B pivots, but my C pivot is on the next swing low to the right), but it also indicates there's still some space to the down side, before it goes up. We've got to wait and see.
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ForceFollower itaskar
2 years ago
Here's my other fork I was referring to - the green one.
snapshot
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ForceFollower itaskar
2 years ago
Very well. :-) I think it's worth being pressed.
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giantab
2 years ago
it tried to breach 200ema yesterday and failed. if closes like this today could be a possible reversal pattern. I would be careful with that until it closes above 200ema. anyway. good luck!
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ForceFollower giantab
2 years ago
Thank you. Actually I don't use 200 EMA, but let me check. Do you plot it on an H4 or a D1 time frame?
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giantab ForceFollower
2 years ago
i plot it to the daily being 4h's bigger brother;)
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giantab giantab
2 years ago
the last time it's been at 200ema was a year ago(april 2013) so now it will be interesting to see how it behaves
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ForceFollower giantab
2 years ago
Yes, sure. :-)
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ForceFollower giantab
2 years ago
Yes, indeed, it's failed to breach it successfully. I admit I was aware of the fact that I was going long in an old, long-term down trend. It's one of the risk factors I had to take into account (I've checked - I was shorting this pair in the middle of December 2013). Anyway, I think the old trend is weak now and it doesn't look like it should do any more harm to the buyers. So I believe it should manage to reach my target. :-)
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FaultyKid
2 years ago
Thanks for the 20 Pips, should have stayed in.
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ForceFollower FaultyKid
2 years ago
You're welcome, pal. I know, running a winner is not as easy as it seems. :-) You might consider a reentry to TP at .829. But risk small at this point.
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ForceFollower
2 years ago
I've taken profit and closed the position as planned at 0.829.
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itaskar
2 years ago
we are back in fork,waiting another red median retest
snapshot
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ForceFollower itaskar
2 years ago
Yes, we are, but we need to break the pink resistance first.
snapshot
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