DYSWIS
Short

AUDUSD 60m . . . scratching around for ideas

OANDA:AUDUSD   AUD/USD
84 5 4
Scratching around for ideas this morning . . . nothing blindingly obvious staring at me :(

AUDUSD             is still in a down trend even though it's having an uptick these last couple of days. PRICE is targetting the 200SMA (green line) but there is plenty of resistance stacking in that area with the 38% FIB and the 5day AvDaRa at 80 points and finally the RESISTANCE from the left at a previous LOW (red dashed line).

I'm still a SELLER at this point so I have to wait and see if PRICE gets there and watch for signals whether to go SHORT once again.

EURGBP             is the only other one I have my eye on at the moment with PRICE hitting the short term top channel on the 60m . . likewise I have a SHORT bias on that pair at the moment.

Nothing much to say today . . . I'm sidelined :( . . . Thanksgiving in the US tomorrow so whatever happens, I don't think it will be a game changer . . . maybe I should just take a day or two off as well until "business as usual" resumes.

TradingTechs
10 days ago
Check our stream. We have a longer term view on this pair. Maybe you can find some inspiration there. Trade them well
Reply
DYSWIS TradingTechs
10 days ago
@TradingTechs, I see your analysis and it's very logical . . . I don't disagree . . . trading is a patience game waiting for PRICE to come to you rather than chasing it. I remain SHORT waiting for the upticks . . . I'll know when it's time to go back in but at the moment I can't see it and I don't risk draw down just for the sake of being in there. Keep up the good work - DYSWIS :)
Reply
TradingTechs DYSWIS
10 days ago
@DYSWIS, Thank you for your kind words. We absolutely agree with your reasoning. Patience pays
Reply
DYSWIS TradingTechs
10 days ago
@TradingTechs, Whoop whoop on both the AUDUSD and EURGBP in the end . . . missed the AUD trade but got my daily tally on the EURGBP and done for the day . . . hope you bagged a few too :)
Reply
TradingTechs DYSWIS
10 days ago
@DYSWIS, We just provide analysis. Wouldn't be unbiased otherwise but good for you. Keep it up
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