two contradicting trend lines
aud/usd
eur/aud
aud/usd
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eur/aud
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DislikedI also "want" to see it fall from there... however if I take a look at the weekly and monthly it's a little bit scary.
There's a clear double top on H4 each formed by triple tops... but due to NFP's volatility and that price won't be moving much away 9200 tonight and tomorrow because there won't be any other markets open (banks) except for Asian, USA could make a push towards upper trendline and break (bull trap?) to sell then at better prices IF numbers are positive.
Don't want to think yet what can happen if they are on the negative side......Ignored
DislikedWhat do you think of this Clouds...vertical line is daily open.
I think it wants to go up bigtime, but that TL is pretty unfriendly.Ignored
DislikedI don't believe that this is the top. PA up here on the M15 is not shaping up like a top looks like. Monthly and Weekly charts look much too bullish with PA above key 5ma levels.
I see it forming this triangle type pattern and breaking to the upside. Will be interesting though to see what the Holiday and Non-Farms news does to this.Ignored
DislikedI see your triangle (drawn black), and agree, that is bullish.
But, look where yesterdays volume came in... pretty large resistance confluence. 78.6 fib of the 090832-09000 move.Ignored
DislikedI don't believe that this is the top. PA up here on the M15 is not shaping up like a top looks like. Monthly and Weekly charts look much too bullish with PA above key 5ma levels.
I see it forming this triangle type pattern and breaking to the upside. Will be interesting though to see what the Holiday and Non-Farms news does to this.Ignored
DislikedAnybody else setting up some orders before the NFP's?
I'm setting ups some GBP and EUD shorts (if those happen to pop, as I don't mind giving myself plenty of time in the days/weeks to come to ride them back down); I also like some short AUD if that pops around 0.9250... aside from that, I'm hedging a few positions going in to play it safe... only really looking to add to my long USD positions if possible and then close some of those and possibly reloading them depending on the moves we get.... all rather small positions (that can add up) so...Ignored
DislikedAnybody else setting up some orders before the NFP's?
I'm setting ups some GBP and EUD shorts (if those happen to pop, as I don't mind giving myself plenty of time in the days/weeks to come to ride them back down); I also like some short AUD if that pops around 0.9250... aside from that, I'm hedging a few positions going in to play it safe... only really looking to add to my long USD positions if possible and then close some of those and possibly reloading them depending on the moves we get.... all rather small positions (that can add up) so...Ignored
DislikedHi,
you've mentioned you are also hedging at the moment, if you won't mind me asking, what is your current position and what pair/s you're trading?Ignored
DislikedSo, now, what are the odds of a double top pattern forming on the daily?Ignored
Dislikedsame broker, or different broker for live and demo?
the interest rate aint fixed, it may rise or drop depends on the economyIgnored
DislikedOverall, I'm long USD (long-term? heck no! But short/medium term? yup!)
Right now I have small positions short EUR/USD and short GBP/USD (incrementally scaling in... I have some of the EUR I want to let go at 1.34, 1.33 and then 1.3025; I also scale out)... GBP I'm letting most go under 1.50 and plan to reload in increments over 1.50 again... long-term, I think GBP goes to 1.35 though.
And of course I'm in AUD, short at several levels and closed out some small long positions that I've picked up while patiently waiting for this thing to go back...Ignored