justatrader
Short

AUDUSD - Selling the rally

FX:AUDUSD   Australian Dollar/U.S. Dollar
276 12 4
Follow up to my previous update on the RBA minutes, here's how a short position is shaping up. 3.8 RR.
All but one position in play at BE. Not sure how long the target will reach and if it will be reached. The view is still the same.. bearish and the pair must find support before running higher. 0.912 - 0.915 is the level i'm looking at. The other pair in question EURAUD... exiting longs for a very small profit. View is the same... a retracement to 1.51 - 52 levels, but tomorrow's ECB is the risk so leaving this pair alone with pending orders at the said levels.
Reply
Stops havent been tripped yet.. perhaps ranging pa until ms. yellen speaks.
Reply
ForceFollower justatrader
Yeas, you're good there. Some other analysts get bearish too: https://www.tradingfloor.com/posts/aussie-to-re-challenge-the-downside-ranges-below-09332-511608?cmpid=TF_email_topic_i_follow_posts
Reply
justatrader PRO ForceFollower
Yep.. But i'm no longer interested to book any profits. This pair has been a total waste of time.. Had 3 positions opened at diff. levels. Closed one at BE.. Waiting for the other two to hit BE. Got a pending buy at 0.912/915. Had enough with this nonsense of a pair. Will only monitor to see what its going to do. How are your AUDCHF longs coming along??
Reply
ForceFollower justatrader
LOL. :) My aussie pairs are not impressive either. I'm still long AUDCHF and AUDJPY, but I wouldn't recommend anyone to open new long positions in these pairs. Very boring. Rather, stalking NZDUSD and GBPUSD for a good price to enter long. Perhaps I'll go short USDCAD...
Reply
ForceFollower justatrader
You are probably wondering, why I've posted a chart of AUDCHF, which is in stark constrast with what I wrote in a previous post. Well, I've re-analysed it and decided and found some evidence for this pair to have some bullish potential. As you can see, AUDSUD is also somewhat looking bullish. Pity AUDJPY doesn't...
Reply
justatrader PRO ForceFollower
Lets not discuss Aussie pairs for while :D
Reply
As you know, I am bullish. However, as you're bearish, if your red horizontal line is your SL order, isn't it a bit too low?
Reply
justatrader PRO ForceFollower
If that high is breached, shorts are off.
Reply
HappyKing justatrader
We don't have no answer, but as a trader, following own strategy
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out