Anyone bullish at these levels? stochs oversold also.
I generally like any currency involing the AUD, great for swing trading
Yes I have been looking at today’s Daily. Will have a proper look at it this evening, but certainly a quick look this morning suggested that at that point Price was low testing out of a decent level of soft Support, with RSI oversold and higher highs/lows. Not saying that I will definitely trade it, but all that gave me cause to add it to my scan for EOD setups this evening.
Nice one Simon. Im Keeping an eye out for some supporting candles before going long. Cheers for feedback. G
Morning, did you enter? I didn’t, didn’t see the lower TF confluence that I would like to, but am watching it again today to see how today’s Daily candle closes. Price is certainly thinking about finding some Support around that level, in my view. I have had this level marked on my chart for ages, always reassuring to see Price hit an old marked level and have a reaction!
morning mate, nah no entry as yet. still waiting for some meaningful bullish candle pattern on the daily.
Quite. Some more aggressive traders might have entered off yesterday’s bar, it was a low test of sorts, but I stayed out, too. There’s a chance that Price dips to the October low, 1.2410 or so, then bounces, so I need more confirmation before placing an order even.
Morning Simon and happy fri! Wonder if we will get this bullish candle setup anytime soon!? As you say, aggressive sorts have probably filled heir boots by now what with pa at support and stochastic deeply oversold on the daily etc
Yes, I guess anyone who placed an order above the high of Tuesday’s bar was not filled, and now we’re very oversold on RSI but personally I don’t much like the PA. I’ll see how it looks next week, as for me we’re a little no man’s land.
And happy Friday to you, too - hope it’s nicer where you are than it is here - a mix of freezing fog and rain, pretty lethal on the roads.
yeah weather been cr@p here too (in Kent)… Frozen all day yesterday and now wet…cant win!! prefer the cold over the rain however! Currencies are a lot more predictable then the British weather!!
Lol yes, my sister lives in Kent, she has said the same. About the weather, not the currencies…!
