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.
Professional market analyst with a keen interest on futures. Love keeping an eye on the markets. Currencies, bonds, commodities. Combining technical analysis and the fundamentals. Contact me for more details.
HappyKing
2 years ago
Dear friend .. Respecting your idea. but dollar lost ground today..
snapshot
Reply
Yes, there is no doubt that US Dollar is going downhill
snapshot
I see a descending triangle on the weekly. But the up arrow around 10550 comes in line with a 38.2% retracement on the daily. So this short burst of bullish US Dollar should set all the pairs to find proper support to rally.
Reply
ForceFollower
2 years ago
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
2 years ago
If that high is breached, shorts are off.
Reply
HappyKing justatrader
2 years ago
We don't have no answer, but as a trader, following own strategy
Reply
Stops havent been tripped yet.. perhaps ranging pa until ms. yellen speaks.
Reply
ForceFollower justatrader
2 years ago
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
2 years ago
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
2 years ago
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
2 years ago
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
2 years ago
Lets not discuss Aussie pairs for while :D
Reply
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
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out