FaultyKid
Long

NFP to Finally help AUD Break-Out.

FX:AUDUSD   Australian Dollar/U.S. Dollar
64 13 1
**UPDATE**
- Got stopped out, although trade worked.

AUD has been sitting in a range for awhile now, and I'm expecting NFP to finally give us a push up.
Let's see how it plays out.

Trade at own risk.
I expect so...
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OK. Flushed. Now, what's next?
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FaultyKid ForceFollower
flushed & reversed. Hate it when this happens, still think it's a go but wow did I loose pips.
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ForceFollower FaultyKid
I've lost as well. I'm sorry to admit that, but actually that's the way markets work. Now that many traders have been stopped out, seeing price go up, they want to go long again. Otherwise there would have been no fuel left to get the rally going. Now, some traders are going to recover their losses and others will simply want to seize a new opportunity to go long. That's the way I see it at least.
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FaultyKid ForceFollower
Ok, if the AUD fundamentals tonight, don't help this pair break that 0.9300 level. Then I'm gonna give up on this pair for awhile.
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looks like we are building support with iHAS pattern, lets see if there will be bounce off the red line
snapshot
+1 Reply
That's right. That's what I'm waiting for.
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itaskar itaskar
red didnt hold, next possible support black dotted line
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Yeah, but I'm afraid it's going lower - to the horizontal pink line. It has to do that to shake off some weak long positions and attract new short ones with their fresh SL orders above the recent minor highs. This may be necessary to fuel the prospective rally.
snapshot
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FaultyKid ForceFollower
ok Well, within in the next 24-hours this whole situation has to play out. We have
- US ISM
- AUD CASH RATE AND STATEMENT
- US TRADE BALANCE

all within the next 24 hours.. let's see what happens.
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itaskar ForceFollower
I expect 0.9244, its 0.5 retrace and bounce off the weekly trendline
snapshot
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Got stopped out , but wow.. did it work.
+1 Reply
ForceFollower FaultyKid
Let's see it your second target gets hit.
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