FX:AUDUSD   Australian Dollar/U.S. Dollar
725 33 8
Bullish flag pattern, supported by good jobs report. USD weaker.

Rallied to 127.2% of the measured move, expecting the normal retracement to 100%.

Long from 0.81725 or 0.8173, targeting 0.8245 with stops near the lows of the bullish break out bar.
took one lot profit first, sounds like a DOJI for this week, rejection by 8ema
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Great one, an inverse head and shoulders as well
+3 Reply
Thanks. Missed spotting the H&S, else it would have been a very nice confluence, adding some extra weight. Alls well that ends well I guess.
+2 Reply
Technician TOP justatrader
It feels good when things end well :)
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jangseohee Technician
it would have been even more fabulous when things don end well, because it was through this mistakes that i am on marvelous steps to improvement and become sharper :P
It took me one year (6 hour/day) to draw and find channels with lots of mistakes :-)
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Especially on a day like today!! Just glad i wasn't short on any CHF pairs and neither long on the Buck. Expecting some fireworks from the US in response to the SNB news.
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Technician TOP justatrader
Oh my ... Never seen such move in my life, Thousands of pips in a matter of minutes
+1 Reply
jangseohee Technician
i am expecting another ground breaking movement on 22nd based on Draghi's action or inaction
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jangseohee justatrader
reward yourself with fine dining at the end of a cold day :-)
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whenever the channel is valid, big rewards awaits
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