We've seen a downward correction the latest days. Mr. Gann and his Fan(n) mean that is is done now. I believe them and buy some Kiwis.
Comments
motleifaul
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Stopped out tonight :-(
ForceFollower
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Also check out GBP/CHF. May soon be ready for a rally, if you agree...
motleifaul
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GBP/CHF looks even more promising than my idea. Unfortunately I don't have more room for investment at moment.
Well, I think I will close my short AUD/USD now and take the good profit and sell GBP/CHF instead.
Thanks for the advice.
ForceFollower
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Sorry, I didn't mean to sell, but to buy GBP/CHF. And not now but very soon, after it shows it has found some bottom. I mean the current little rally will soon end and price will probably be pressed back down. If it doesn't make a new low, or if the new low is slightly below the current one, you will know the market is probably about to go up. GBP/CHF is at a level of APP-1.618.
The GBP itself is well overbought and its momentum cycle indicates a possible wave of strengthening in coming hours, whereas the CHF - on the contrary - is clearly overbought, which makes it a perfect pair for a new buy.
Caveat: there's nothing certain, there's risk, it can fail and it will, if you're too confident (so it is always with me at least).
motleifaul
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Of course to buy. It's a misprint simply and I think the chart makes it clear. The position is marked "Long" as well.
It'sa matter of a bit hectic.
The bottom is right here I suppose.
motleifaul
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Look at my chart GBPCHF just published for a couple of minutes.
ForceFollower
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Yeah, right. I've already done that. (I was watching a movie with my wife, while you were working so hard with the charts, so I just had to catch up with you) :-)