There's a heavy trend line, a central bank trying to destroy its currency like mad and a 200MA on the daily chart you're trading against. Good luck! I'm only trading the AUD south at the moment.
Konstantinos_Golias
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@Madbutcher, Thank you for your comment :) I focus only on my technical analysis.
At the daily time frame the price moving downward but, at H4 time frame the price still is upward.
We disagree now but, we will agree in a few hours or in the next days :)
MadButcherWA
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@Konstantinos_Golias, I normally only do TA as well but I live in Australia. If there is a retracement it will not go higher than 70c, so you're probably not wrong on your analysis. I personally wouldn't dare put any long trade on the AUD given the forces against it. Good luck with the trade though.
Konstantinos_Golias
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@Madbutcher, Very nice conversation:)
I don't buy the AUD, my technical analysis do it.
LasseA92
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Looks good, but don't you worry about the weekly and monthly resistance and downward trend? Asking 'cause I'm rather new and I looked at it as a potential 'head and shoulder' after it bounced off resistance once.
Konstantinos_Golias
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@LasseA92, Thank you for your nice comment!
Of course i analyze the bigger timeframes and i have in my mind all the bigger timeframes, but if i present in one pic my whole technical analysis, my audience will be confused ;)