Thanks for the kind words. I think the short bias might be near if we get some follow through to the downside. The current sideways price action suggests we'll get leg 2 down without much of a pullback.

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No worries man, I was just commenting in general as to what I see on a lot of other threads. Your method differs from mine so I'm sure we'll often trade different directions.

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The lack of any rebound around .7500 and the sideways price action also supports a bearish view.

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I don't know what Yellen might say this afternoon...but the 4hr chart has finally made a Lower High and a Lower Low. So I'm cautiously thinking about changing my bias from Buying the Dips to Selling Rallies.

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There we go, finally broke through .7500...that's what I was hoping to see today. Now to see where this Daily candle closes. 146pip selloff today so far, that's pretty good.

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I definitely can't explain why the Aussie rallied so much this year...but I learned a while ago that it doesn't matter what I think, I just need to trade what the chart say.

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Thanks Paul...that was along the lines of my politeness in pointing something out. My thread went pretty quiet the past month or so as price was rallying and I stayed with my "buy the dips" bias. But it first week we get some decent selling it's ...

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Folks, that's some interesting price action overnight while I was sleeping...I did not see this kind of drop coming after yesterday's rally. But the market will do what the market wants and I was wrong this time. I've attached a couple of ...

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I have one question for you....why have you been so quite the past couple of months when price was going up, but the one week we get some selling you get vocal?

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Nice job, good little profit!

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And how do you feel about the very next candle that rallies 20pips in 15 minutes back up to .7610? Did you buy the dip?

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Daily chart had a bullish inside bar today. Currently price just broke above it. Just something to point out. Happy Trading!

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As expected, Buying dips on Aussie is still the preferred trade! Still haven't seen a Lower Low or Lower High on the 4hr chart yet. Price was unable to break below yesterday's lows...it barely came within 20pips of yesterday's lows but could never ...

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Well, can't really complain...had a feeling it was going towards .7500(as mentioned in my post above from last night) based on price action...Low so far for today was .7509. Pretty darn close imho. Still haven't seen the Lower Low or Lower High on ...

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Thank you for posting that chart, it looks good. Interesting price action to start the week. There was actually follow through on selling today and it seems .7700 is still resistance for now. Not a big bounce from .7600 like last week so I'd be ...

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Looks like I'm off a little bit, price found A LOT of buyers around .7600 and bounced nearly 50 pips...all off this after good US news today. Bulls still in control. Update: we've now rallied 80 from the lows of the days! Buy the dips proved ...

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good pullback today, based on the 4hr chart...it come down around .7560-80 area. That would meet normal ADR and the 4hr uptrend line. And it looks like .7700 area is the resistance level for the past couple of days. Have a great weekend everyone!

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Hi dab, I think price is a bit overbought at the moment with 4 straight bullish daily candles and price at a psychological level of .7700. Combine that with NFP news in the morning price just might range overnight with spikes up and down. I see ...

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