pantheo
Long

Aussie/dollar attempting to break IH&S NL

FX:AUDUSD   Australian Dollar/U.S. Dollar
270 14 8
20 week correlation with $DXY             , positive
Sometimes it helps watching things the other way around. Critical area here for sure in Aussie, but if daily cycle topped in dollar, we should have at least 3-4 days until it reaches 98-97.60. If O/S reversal today, maybe this zone doesn't hold much and reach 97 area.
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hi, rather waiting till this attempt fails, then shorting big
cheers

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pantheo PRO look4edge
Hey, yes,let's see if it fails first. A weekly close will be positive >0.7620. Strong supply begins at .7850-90. Aussie not that weak against dollar currently. Friday night we will know more when closes. If it fails, then yes, short big. Your R1 area is good for shorting.
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look4edge pantheo
agree, lets see, however flow is down in every tf, i see 7760 max, take care
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pantheo PRO look4edge
Agree, 7760 is the sweet spot for sellers and when the battle will take place probably. Commercials are net short -32K. Normally a number from 40K to 60K coincides with intermediate tops. Aussie also just began its best quarter seasonal wise. Cheers;-)
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Hi gents, look4edge mate ;)...I'm currently long, my target is 0.8350 if we have a daily LOW above 0.7719 odds increase greatly. For now we're at the mercy of resistance from the Jackson Hole daily range, lots of supply around there:

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pantheo PRO IvanLabrie
Hey gents:-) If I add one more element to this derby is the possible bear triangle in copper. Keep an eye in case it breaks down. Also Chinese GDP number - even if fabricated- might help aussie here. Cheers!
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Yes, good catch.
Do you keep track of iron/steel? Also a good indicator.
(for example, X, the stock, if you monitor earnings support/resistance levels, it tends to fit with Aussie nicely)
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Signals to buy X, and comparison to Aussie there...
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pantheo PRO IvanLabrie
Nice gift, much appreciated! Bought steel during 2014 break out, but no, I'm not following a running correlation with aussie. Brilliant. Thanks and Cheers:-)
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