AUD/USD - trends and bends

Same thing then :smiley:

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Lots of data today

Five little red boxes (USA) !!!

Should be some volitily hope you don’t get “spiked out”

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Quiet so far - but we’ve all seen that before.

Are you blue now then ?

I just had a few small trades in different positions starting early Asian session.Closed the majority

Negative data all round USA but also bad day for all indices.

We need to break around 6572 , so just left abit on the table for now.

Aus employment stats tommorrow 12:30 GMT am

Not quite back to entry yet. Holding on. Hey ho.

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More leeway from stop though

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Your still alive,

I just took equal amounts of profit and loss late USA and place minimum amount 6711

Yes, still in there. AUD still bottom of my ranking so good for a short but disappointed the USD has weakened alongside it.

Still, I suppose with a new banking crisis in progress some unexpected price action is to be - expected.

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Yes lots of indecision,weak data and market fluctuations

Abit of bear activity,

It’s FOMC statement s 6:00pm weds so there could be breakouts of the range this week.

I go as far as 6790 ,as I’ve profited on the range over the period

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It peaked on IG 6759.4 on IG ,

Won’t you still consider a short in the near future then or dosent it fit the criteria now?

Wednesday 22/03 - Short stopped out this evening.
Will review what’s next tomorrow.

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I took around 75% of trade off the table Tuesday evening.Around 0 Monetary (winners/losers).

Got a small trade 6730 now but overall slightly in the red for now

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I’m out of my short on this pair but I still rank it as a short target. But its only a Weak Sell right now as the weakness of the USD has pushed it down the ranking table towards AUD eliminating the differential, and we have no less than 5 overlapping weekly bars.

But Wednesday’s bar printed a putative swing high and a close below Wednesday’s low would get me in short again.


Late update on Friday 24/03 -

As had hoped, price closed below the low of the putative swing low bar of Wednesday 22/03 and confirmed the short entry set-up. I am now again short AUD/USD.

In fact the chart gave me two others of my short entry set-ups on Friday - price broke down through the bearish fractal of 21/03 and closed below the Inside Day of 23/03.

My issue with being short here and now is that the USD has gone so weak. What are they doing over there? Do they know?


Another week has gone by and achieved little for this pair except a good exercise in patience.

I have this as a Weak Sell only, as the major USD charts are 6 out of 7 bearish and the last 6 weekly bars overlap. The lack of trending is demonstrated in other ways too - the 20EMA threads most of the last 15 daily bars, multiple fractal signals have either not been triggered or have been but remain in the red, etc.

My entry point is pretty far south to avoid volatility in the current range but to catch a firm bearish break-out - a bearish fractal entry below the low of 24/03.

Have a nice weekend.

(I’ve had a stomach bug for 48 hours but do you know what? - I feel fitter now than before I was ill - having had an enforced rest, no meals for one day and lots of extra sleep. Happy days!)


I’ve been watching this pair, wondering if we’re going up or down. Overall trend is down and I have a feeling we might see a break out of this consolidation soon. Here’s what I’m seeing:

Notice the exact same type of consolidation at the start of the trend up where price fell. This is typical with trends: Rally, Base, Rally.

Too risky for me right now as it could go either way, but my bias is short.


My chart has, like probably most folk’s, the same channel marked. I don’t have any particular directional bias, but if it doesn’t remain in that channel much longer, and breaks downward, I will be looking for a pullback to the trend line to go short.

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Power indicator demonstrates,
BULL power increasing
Bear power reducing

Daily candlestick trending along BULLISH channel.

March High : 0.67378
March Low : 0.65642
Mean level for March
= (0.67837+0.65642)/2
= 0.66739

Current price for AUDUSD is trading ABOVE
March mean level : 0.66730

Immediate resistance :
Week High : 0.67400
A breach of this resistance level should propel prices
ABOVE 0.68000 at the very least.

Unless, price breakout below the bullish channel, and goes below 0.66500.
AUDUSD remains bullish.


Another reason to proceed with caution, there will be a lot of people trading this.