Kevabatai
Short

Its gone, far... far... gone...

FX:AUDUSD   Australian Dollar / U.S. Dollar
This setup is base on the following price confluences.

1. Downtrend on monthly chart candle and weak economics of AUD.. where the commodities price getting hit by USD strength.

http://en.wikipedia.org/wiki/Economy_of_Australia#mediaviewer/File:2012_Australia_Products_Export_Treemap.png

2. Strength of USD also amplify the drop. (Please check related idea for USD strength status)

Setup configuration ::
(As point by Blue box)
This number come from many previous week price support/resistance as indicated by RED arrows.

(As point by RED box)
This number come from the last peak (before it create a new Lower-Low)
( If price go above this level it mean there is not down trend anymore. and short positions should be exited)


This number come from price support around late 2008. ( As point by orange arrow. )
well we will see:)
Reply
:D May the force be with us.
+1 Reply
wwfm Kevabatai
USD will fall dramatically in next couple month :)
Reply
Well, anything could happen in the future anyway..., and What ever will be, it will be.

But in the mean time just SHORT SHORT SHORT SHORT until it not anymore. :P
+1 Reply
nice analysis bro
Reply
Kevabatai Donny888
Thank. :D Now we have to put ours faith in USD strength. :P
Reply
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