Thread: Discuss the AUD/USD, NZD/USD , USD/CAD and more

Two measures of risk. Both looking to fill the gap. Lower rising trend line & lower rising shoulder line?

SPX 500 Daily:


AUD/USD Daily:

Originally Posted by bucket_shop

Closed my AUD/USD short as it hit my target at the daily S3 just ahead of 1.025.
All flat.

Cool - AUD/USD is taking a real nose dive

Originally Posted by Mary R

short aud/usd from 1.035

Cool - what level are you aiming for? I am looking for a bounce to 1.3050 and then go short. I am not so keen on going short right now yet I was not so keen going short on Friday either so I have been misjudging the sell off.

I would hesitate to short more here - the VIx made a big spike up out of its normal trading range so we may have some type of relief rally to short again

Originally Posted by Alejandro Zambrano

Cool - what level are you aiming for? I am looking for a bounce to 1.3050 and then go short. I am not so keen on going short right now yet I was not so keen going short on Friday either so I have been misjudging the sell off.

Not sure - took profit on half waiting for a bounce.

Today's pull back is giving a great looking setup on the EUR/AUD. There is nothing better then a failed breakout higher during a strong downtrend, I will be looking to go short on a break of today's low. We had same candle setup on July 12th, that move gave 230 pips

AUD/USD Elliott Wave Counts for Multiple Time Frames- Hello Traders, while longer time frame charts point to lower prices, the shorter time frame charts are looking a bit oversold and we could see a rebound as we move into the European equity trading close at around 11:30 AM ET.

USD/CAD Elliott Wave Counts Look Bullish

2 h Chart
Something that i tought i might share whit you people

Attachment 139912

Oh yes and the Daily Chart
Thi is why i think 1,0600 is an important number...we could goo down too 0,8000

Attachment 139916

Aussie Rebound From Lower Levels Setting Up for Drop from Better Levels

Originally Posted by Gregory McLeod

Aussie Rebound From Lower Levels Setting Up for Drop from Better Levels

I'd love to short at 1.035 if it reaches that level...
If the stock market can recover over 50% of its decline (ie the Dow opens down 250 and recovers more than 125 points ) then it has a higher than 50% probability of closing up on the day...But the news these days is so bad we may have seen the temporary top in AUD and the Dow
I'm guessing we will hear an announcement of another summit sometime this week..

Originally Posted by Alejandro Zambrano

Cool - AUD/USD is taking a real nose dive

A good follow through to start the week. Looks like an exhaustive volume around the 1.025. The 200 day SMA acted as some support and turned resistance. Looking for new signals around these levels for direction. Time to reavaluate the scenerios. Lots of good information here to digest.

I have entered short from 1.1806, I will watch and keep tight manual stop and let it run to the session lows

Originally Posted by scalping fool

I have entered short from 1.1806, I will watch and keep tight manual stop and let it run to the session lows

And stopped out quickly for 6 pips