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.
motleifaul ForceFollower
You are right. The trend was my enemy this time. Better, I was his enemy as I didn't follow him.
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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