Although it seems rather shallow for even a W4, it may be in. Watching to see if a minor W1..W2 develops. Not trading in FX at the moment, just watching as I try to nut out a confirming signal that I am comfortable with to replace vol. ... :dunno:
Hi Trade_itGreat to see another ASF member looking at the AUD$$
I am also watching Kauri.
I see a bearish channel looking for a return to main trend line or break of the channel before I start committing any positions.
Tonight it's putting on a stronger show.
Can't complain, it's been a good run so far... wonder if she will take a spell around the recent high???
Kauri,
I hate to say I missed the boat on the aussie!
but not to despair, yesterday afternoon I opened contracts on:
EURO/USD LONG Support found, returned to main trend line.
GBP/USD LONG break off minor resistance return to main trend line.
USD/CHF SHORT bounce off trend line, just about broke minor rally.
that is what a sore yesterday all in profit now. Mind you they are all made, do to a weak US dollar. but the entry's would not come if the US was not weak and looking for more downside.
So I will follow you on to further highs!
Not sure if i will open a aussie on the dip I may just keep adding to what I have.
see charts
Any ideas on why the Au$ shot up at pretty much 11:30am??
It went up from around 83.80 to 83.99 in a minute, then from 84 to 84.20 in the next 25 mins.
This morning it was pretty much flat trading from 10am to 11:30am.
She seems to be losing a bit of momentum around the expected W5 area... will be interesting to see how our northern friends treat it tonight...
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