FX:AUDNZD   Australian Dollar/New Zealand Dollar
80 25 4
Entered long on smaller time frame, price bounced up from the daily trend line . Stop is below trend line , target (long term) 1.1700
Comment: Stop loss 1.1100
Comment: Stop loss 1.1135
Comment: Stop loss 1.1150
Comment: Stop loss 1.1180
Comment: Stop loss 1.1200
Comment: Position closed at 1.1200. +100 pips. Still I will be looking to buy.
hey what do you think of it now? I think it is good to buy now.
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ForexTrade ShauntheSheep
I am looking to buy as well, but I will wait for a while. This is my chart:
snapshot
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ForexTrade ShauntheSheep
Placed an order to buy at 1.1000 with the stop below today's low. Target 1.1680. This is my long term trade. Here is my weekly chart:
snapshot
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Yes I agree with you!
The bullish flag
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Do you think it will go further down?
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ForexTrade ShauntheSheep
I think 1.0900-1.0860 is possible. But I will maintain a bullish attitude even then. I think on long term this pair has a good perspective to the upside. Question is when? His Majesty Market does not always do what I think. :) , that is why I am still waiting.
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there is one thing, sir. I found audnzd and noksek are similar, bot of them seem move in a more predictable way...Do you think it is because they are very close and connected countries?
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ForexTrade ShauntheSheep
Very good question, but I do not know the answer. Maybe we can figure that out together? I certainly will think about it and I will be thankful if you share yours opinion, sir. Thanks for bringing my attention to NOKSEK. I certainly will check
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it is also a inverted head and shoulder...just like audnzd on monthly and weekly
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ForexTrade ShauntheSheep
You mean like this?
snapshot
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yes exactly! and to long noksek the interest difference is positive.
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ForexTrade ShauntheSheep
I agree with you, but charts can be confusing. At this moment market is positive, but I see another option: (what do you think?)
snapshot
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Well I think basically nok is following oil and sek is impacted by euro. My big picture is the bulls of oil, dollar and s&p 500.
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ForexTrade ShauntheSheep
Thank you! I never traded NOKSEK and your explanation is convincingly clear. In such case NOKSEK should be bullish.
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Do you agree with me on the "big picture"? dollar index is really dangerous now, and many people screaming the collapse of dollar, that is why I stick on dollar bull.... My target of dollar is 112.
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ForexTrade ShauntheSheep
At this moment I agree on the big picture with you. Yes, those screams about collapse of the dollar for me is just a noise and I do not pay attention. But I always pay attention to the charts. At this moment US$ started to come back, but this current flag is not a good sign
snapshot
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well 111
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ForexTrade ShauntheSheep
If it bounces up from this support of 93.00 my target is 113.00; EURUSD 0.8000~
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hahaha me too!
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btw what is your target of oil, I think it will go above 50, but hard to hit 60.
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ForexTrade ShauntheSheep
You mean USOIL ?
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yes...well as a true dollar bull, euro this week brought me much pressure...
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ForexTrade ShauntheSheep
Me too :)
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ForexTrade ShauntheSheep
My oil chart - 50-51. But for few days can be small correction.
snapshot
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yes I agree with you on this target, and btw check your pm.
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