Hey guys, I entered a short with Target 0.7100 but then I will look for a long-term buy on this pair. It's a nice pair to trade, let's wait and see what it is doing this week.
Good luck and don't get caught on the wrong side, this will lead you to more mistakes!
Sounds unbelievable at this time, but USD is going to drop like a rock very soon... one more downmove is likely, but latest at 0.99 we should see a turnaround.
keep in mind: always calculate your risk prior entering a trade, otherwise you will fail on the longrun!
Aussie formed a running flat over the last 10 years. if u don't know what this means, then you should ask the web...
I expect a last downmove to get an AB=CD and then you should fasten your seat belt :)
Target for next 5-7 years=1.25
Aussie correction could be over, at least we have about 100 pips to the downside. If we see a pullback, Aussie will probably bounce for a higher correction before we will see more downward movements.
happy trading everybody
another FX-Pair with a huge potential.
1. we can see a strong bearish Engulfing signal on a daily base, which tells us that bears are coming into the market
2. the trendline has been broken --> time to sell the breakout
Possible the pair goes straight down or first we will see a corrective pullback and then towards south.
Happy Friday and good luck...
Aussie felt below the trendline, which tells me that it's time for a correction!
Wait for a Pullback around 1.10
Entry @ 1.10
Trade with care and wait for Pullback and PA for confirmation!