well for now any move below 0.64 will be bearish... and i will be watching weekly close again.. as weekly close below 0.6429 will confirm bear trend to resume... but for short time.. nu.. holds bullish setup and i expect 0.654 soon.. but real challenge will be 0.657/8 area.. which is extremely big resistance.. break of that will confirm for more upside for short time..
One thing to clear.. i am always not bear or bull.. :) if i see bear setup then i will join bears :D but for now i only see bullish setups.. :)
Amina66
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I'm in. thanks for the post mate. :)
jhakas
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stay tight and Good Luck!
Olu
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Great Trade J. Absolutely great
jhakas
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Thx.. buddy.. it still hold bullish patterns.. so i will be looking to buy again on dip and consolidation..
Olu
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Hi Jhakas
Just logged on to give you a thumbs up for this trade idea. I am terrible at calling counter trend trades. Well done
jhakas
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thx buddy.. there is nothing bad sharing opposite ideas.. the thing is to must share ideas.. thats where we get good directions for both sides..
for now if this support holds 0.645 in coming sessions then 0.658 is on its way..
Olu
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Hi
i am bearish this pair because of the strength of the index. The weekly chart of this pair is bearish as well
jhakas
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bearish consolidation can take place.. but if it remains above 0.64 then bulls will remain alive..!!! I think both aud and nzd are in mood to correct high.. we have a nice friday daily candle in favor of bears.. :) but things always change... i hope you enjoyed upside of uj..!!! :)