finitemonk

AUDUSD - TRAPPED & DANGEROUS

FX:AUDUSD   Australian Dollar / U.S. Dollar
66 0 0
So, I wanted to test my theory on another pair. I can't find any Prime Carrier/ Overall Channel though the upward rising fork might be a good contender. It's hard to tell because the AUD is a commodity currency and so extremely volatile.

However this may help anyone who trades it. Here are the two opposing force lines/forks.
It fell out the upper lines, clearly. It's now in between the two closing Median Lines.
It can't decide, trapped. It confirms the 'danger zone' I heard the other day. To me this explains why.

Unless you're very brave, or trading really short term, me thinks stand well clear. When it does get out the lines might be useful though I think it may well fling off quite a long way! Squeeze ....
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