motleifaul
Short

7 times measure - 1 time cut

FX:AUDUSD   Australian Dollar / U.S. Dollar
109 3 1
This is a multipivot - hidden and unhidden(Ackerman won't like).
1. It is a Mid-June-resistance,
2. an Ackerman's Halfpoint,
3. the upper line of a pitchfork ,
4. the bundary of a Donchian Channel.
All not exactly 7 times but if tomorrow we do not rise up, then the RSI will begin to fall out of an oversold position
and perhaps the 4-day MA will be passed. Then it would be 7 reasons to sell the Aussie.

If this is not enough for you - BUY !
It may be losing steam, but you know... you never know how much fuel is still left in the tank. First I'd need to see the low at 0.9603 taken out.
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motleifaul ForceFollower
You are right. The trend was my enemy this time. Better, I was his enemy as I didn't follow him.
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ForceFollower motleifaul
We've got an about face (Kehrtwendung) of sentiment for AUD and NZD. It may be temporary or long-term, I don't know yet, but we've got to be cautious here. I will keep looking to go long Aussie but with more care than before...
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