hmmm. Very tricky movings those days. Reverting to bearish now.Quote:
Originally Posted by BojanHajdinjak
So SELL now again at 1.042
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hmmm. Very tricky movings those days. Reverting to bearish now.Quote:
Originally Posted by BojanHajdinjak
So SELL now again at 1.042
the pair is trading under the level of 1.0500 , any way if the pair succeeded in breaking 1.0500 , it will continue in it's up movements heading to 1.0530 and then 1.0560
this pair seem want to go up to 1.0651 area to complete the wave 1 or a swing........so long position with a tight stop loss is good
the pair and as we can see from the chart has closed it's daily candle under the level of 1.0500 , so , that's mean the down trend is still standing and the pair is heading to 1.0440 then 1.0400
Uptrend is still intact. It should continue to rally to 1.0500 or 1.0531 if supports at 1.0469 area hold. Then we anticipate a pullback to 1.0469 - 1.0446 zone.
Either the candle breaks to the upside, and we see that as a bullish move up to about 1.0750 or so, or we get a break to the downside, making that candle a hanging man, a very bearish signal indeed
audusd 1.0562 now. Iam still hoding bearish view. On daily chart pair is now arround
50% retracement area. It seems like wave 2 of Elliot Wave, so Iam looking for top of this wave
and than I will add more shorts (after wave 2 topping).
The pair last quoted in the 1.0565 area, recording a 0.79% gain on the day. On the upside immediate resistance levels could be faced at 1.0580, 1.0600 and the 1.0640/50 area, while supports now could be found at 1.0500/10, 1.0450 and 1.0410.
Adding another SELL order at 1.059 now.
Pair is overbought now. 100 to 300 pips of profit expecting in next days.
Taking profit on this position now at 1.0544. Will wait on top confirmation on a bit higher timeframesQuote:
Originally Posted by BojanHajdinjak
to resell again. In any case Iam looking for to adding shorts or to resell after some correction or
top confirmation.