"AUDUSD - Buy the dip" by trader justatrader — published January 15, 2015

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Long

Australian Dollar/U.S. Dollar (FX:AUDUSD)

FX:AUDUSD Australian Dollar/U.S. Dollar

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.

Related Ideas

about NZDJPY 13

took one lot profit first, sounds like a DOJI for this week, rejection by 8ema

Great one, an inverse head and shoulders as well

Technician

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.

justatrader

It feels good when things end well :)

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 :-)

Technician

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.

justatrader

Oh my ... Never seen such move in my life, Thousands of pips in a matter of minutes

Technician

i am expecting another ground breaking movement on 22nd based on Draghi's action or inaction

justatrader

reward yourself with fine dining at the end of a cold day :-)

whenever the channel is valid, big rewards awaits

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