FX:AUDUSD   Australian Dollar/U.S. Dollar
4412 28 95
Very Similar With USDCAD            
Break the trend line
retest the structure.
Pin bar formed.
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hi Jack why do you like to long usd in these days
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I cannot speak for Jack, As I understand his system, there is no like or dislike. The chart has all the information. He uses 4 hour and 1 hour (in this case) charts to find broken trends. AUD is showing weakness against USD here. USD is showing weakness against CAD in the other idea.
1. Find the broken trend.
2. Estimate a pullback interest area. He has several methods (art and science).
3, When that area is entered watch price action at shorter time intervals.
4. If the price action looks good, make the trade and set your stop loss.
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Vinnz haug01
I am sure no one likes loss. I was just trying to say holding USD long position has higher risk, not judging, nothing else. (Short USDCAD is good idea btw) That is what I thought, not yours. You can do whatever you like. (written with AUDUSD @ 0.76205)
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Nice track. We can see OBV divergence in M60 period. Lets short.
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snapshot

hi Jack , it formed the candles above the 618% fibo , maybe it will test the top first before falling down ?
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Agree!
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i am long 0.7570
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Hello everybody :)
Please find a nice analysis
AUD:USD

Good luck.
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Hi, it is going up and up even after rate cut. I was short from 0.7515 and now don't know what to do, either hold it or wait. Please advise. Thanks
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HOLD
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These are kind of things that force you to rethink. Shouldn't it go down after rate cut. It's a big thing in fundamentals right? But it doesn't. It broke trend line should've gone down comes right back after the rates cut. Pin bar, equally disappointing. Only thing supporting this move up is falling dollar index. But shouldn't dollar react differently to each currency? I believe dollar index is computed against six currencies? Euro hasn't gone up too much so dollar indeed reacts differently not solely based on index. What do you guys think?
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Hi Jack, please comment on this, is this harmonic correct?
A coincidence of Bat and Butterfly
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First one looks ok. 2nd one not my style of butterfly
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arianto tntsunrise
Thanks a lot for your opinion Jack.
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a.b PRO arianto
I'm waiting it in the same zone
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not a buy. better wait.
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Hi you think AUDUSD is short yet?
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Hi you think short yet? In this time? I open in 0,76123. In sell.
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Must say again no reason to short aud/usd. wait.
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Jack, we are in a big corrective structure.
The best zone I would be interested in a sell is the one I pointed out or a break below structure. Not here.
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snapshot
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high possibility.
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<p><a href="https://www.tradingview.com/chart/AUDUSD/IydtXzdQ-Short-AUDUSD/">Short AUDUSD</a> by <a href="https://www.tradingview.com/u/XinChen/">XinChen</a> on <a href="https://www.tradingview.com/">TradingView.com</a></p>
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XinChen XinChen
Hi Jack, based on your chart I find AB=CD(purple lines). Do you think 0.7772 level would be another potential AB=CD completion and short action price point?
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yes possible, need to break the B point first
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