Happy Corner: Aussie (AUD) pairs

[MoMo87]

I really want to short the AUD/USD, Aussie data came out better than expected but Chinese data wasnt as great as expected, so it might signal an opp to short to the bottom channel line on the daily chart or it can just continue its strong bullish ascent. So at this point I havn't done either but am I actively looking for an opp to short.

Also does anyone think the slower Chinese growth could prompt a cut in the interest rate which would strengthen the region and the AUD even further?

[happypip]

I really want to short the AUD/USD, Aussie data came out better than expected but Chinese data wasnt as great as expected, so it might signal an opp to short to the bottom channel line on the daily chart or it can just continue its strong bullish ascent. So at this point I havn't done either but am I actively looking for an opp to short.

Also does anyone think the slower Chinese growth could prompt a cut in the interest rate which would strengthen the region and the AUD even further?

I've been looking for a chance to short (based on technicals) as well! But this pair just can't seem to stop rallying. I like what you pointed out about the potential for a Chinese rate cut though and Forex Gump seems to be echoing the same sentiment: Is China Losing Steam? | Forex Blog: Piponomics

Plus, the RBA has been relatively more upbeat lately, which could be another factor supporting AUD.

[happypip]

This one goes out to the Aussie bears! On the 1-hr chart is a nice falling channel, which has been holding since the start of the month. AUD/USD is having trouble dropping below the 1.0500 area near the bottom of the channel, but I bet we’ll see some movement over the next couple of trading sessions.

[ForexMindGames]

Plan my trade and trade my plan.

LIVE TRADING - by Forex Mind Games

I am trading long around 1.0440. Stop loss 30pips.

[happypip]

Plan my trade and trade my plan.

LIVE TRADING - by Forex Mind Games

I am trading long around 1.0440. Stop loss 30pips.

Cool, cool. Where's your target?

[ForexMindGames]

Cool, cool. Where's your target?

Trade is cancelled. Miss my entry price by 15pips. If trade was filled, my first target would be around 1.0600.

[happypip]

Trade is cancelled. Miss my entry price by 15pips. If trade was filled, my first target would be around 1.0600.

Boo. Better luck next time then! See ya around!

[PFCJ]

Just went long Aussie on the 4H pinbar. Stop loss 30 pips, first target 1.79.

Good luck trading

[happypip]

Do you think the rising channel on AUD/USD's daily chart will hold? This pair has been at it for nearly three months now! The next support seems to be at the 1.0400 area, but is a breakdown possible anytime soon?

[bobmaninc]

Interesting your charts look a little different than mine. According to mine we broker the trendline with a immediate retest then the big red candke to confirm the breakout to the bottom. That is the reason I am shooting for the 1.02 fig and not the bottom of the trendline. Well either way a trailed my stop down on my short from last sunday @ 1.0560 so I am garunteed profit no matter what but I would really like it to hit that 1.02 fig. If it does it will be by far the best trade os my short career.

Also what setting do you use on you stochastic? Mine set on 14,3,3 is showing some major bullish hidden divergence which could be a bad sign for me.