on a side note, we are at an interesting position on A/U right now: on one hand the short term trend is down and we had a bearish engulfing 1hr candle making the odds in favore of shorts. However the risk is high because you'd be selling at the lows ...

Just Another A/U Thread...

It's not a big factor in my decisions,but definitely something worth noting. The main the for me is price action. Example, if I get a nice pin bar or railroad tracks at a s/r area for a short and price goes up instead...then I know something isn't ...

Just Another A/U Thread...

at here's a nice bearish engulfing 1hr candle. I was hoping price went up to .7080 and stalled there, but I guess .7070 is close enough. Now we need to see if price can finally close below .7020 for more possible selling. As a personal rule, I don't ...

Just Another A/U Thread...

Bingo, price just hit .7060! The charts don't lie and price action is king. After 7 straight 1hr candles that failed to close below .7030, it was an easy 30pip profit. Price did a similar thing on Feb. 3, it came down and stalled just above .7010 ...

Just Another A/U Thread...

it seems price has found some support at .7020-30 level on the 1 hour chart. It has bounced off .7020 twice forming pin bars, it hasn't closed below .7030 for 4 hours, there is prior support just below on Feb. 3 and Jan. 27, and RSI has divergence. ...

Just Another A/U Thread...

May have taken a little while, but we may just reach 70c for you. . I have been away from home for a couple days, wish I had my computer to post some charts for you guys...some good trades. Hope you all are making pips!!!

Just Another A/U Thread...

Good question dab. Just looking left on the charts I don't see where price really found a lot of prior support/resistance at that level. It could be more of a psychological s/r area. So to answer your question, it appears to be more of a minor ...

Just Another A/U Thread...

Hey Guys, just going over the charts and hopefully some of you made some money last week. There was some pretty good volatility, but if you had the direction right, you made pips! I've attached a 1hr chart and 4hr chart just to recap things and give ...

Just Another A/U Thread...

Well, quite an interesting week. Lots of major news, some big moves up. Price came just shy of reaching Daily 200ma. And price spiked up and then down after NFP. Hopefully we get back to normal price action next week. Hope you guys and gals trading ...

Just Another A/U Thread...

As of now, it looks like the 200ema on the Daily chart(.7280-.7300) is the next price target. On a side note, we all know market makers control price. They have caused some huge moves in price just the past 1-2 weeks on multiple pairs. They have a ...

Just Another A/U Thread...

Sideways consolidation typically equals trend continuation.

Just Another A/U Thread...

Be careful trading folks, the market makers are really adjusting things and making profits for themselves right now. I expect more of the same tomorrow with a climax on Fridays NFP news. Trade Smart!

Just Another A/U Thread...

and now we're up 170pips from .7000.

Just Another A/U Thread...

Looks like .7000 was the magical support level. 100pips straight up from there.

Just Another A/U Thread...

on the flip side, I see the first few support areas at .7050-60, .6990-.7000, and .6940ish.

Just Another A/U Thread...

on a side note, I have no idea what the news will be this week or how prices will react...but looking at some higher timeframe charts if Aussie clears .7200, then .7400 might be next target. if that clears then .7700 is possible. Again that's higher ...

Just Another A/U Thread...

Just looked at the news calendar for the week...lots of big news releases for Aussie, US, and GBP. Trade smart out there....could be choppy/whippy.

Just Another A/U Thread...

Yeah, that's why I'm hesitant on any short trades. We've had two bullish weeks on Aussie and today is bullish as well. While nothing trends one way forever, I don't want to be caught on the wrong side of a trade. So the charts and markets are still ...

Just Another A/U Thread...

Looks like trader34 took care of your question. Many pips to you!

Just Another A/U Thread...

I do believe the USD/AUD is the inverse of AUD/USD. I kid I kid. Kidding aside, I'm not sure I understand your question fully...could you clarify? Are you looking for another pair that moves opposite of the AUDUSD? Example, if AUDUSD is going up ...

Just Another A/U Thread...