Bulls, hope you enjoyed the ride. I think it's over... For now.

AUD/USD

Looks like it will drop like a stone shortly. To me anyway

AUD/USD

I will give the bulls this, they are trying really hard to stay above 8803. But will it be enough. SuperBull not around? Maybe Super...Bear?

AUD/USD

Well, you could be right, it very well may continue up. However, I don't see a break out yet with so many resistance hurdles above where the price is. Plus, in a typical breakout scenario, you have a really strong move, there could be a corrective ...

AUD/USD

yep, we speculate away while we wait The issue I see with that 3 break scenario is that holding above 8803 is only the first hurdle. And it is struggling with it at the moment, just barely above it as I write this (just checked again and fell ...

AUD/USD

Again, still in an inside bar situation.

AUD/USD

Here's a daily chart with a 20 ema to show perspective. Does it look like it is ready to go up or down?

AUD/USD

well, anything is possible. I just don't see it breaking out yet. Maybe after one more touch on the bottom of the range. Pattern looks incomplete to me. Any bullish look to the price this close to the top of the range, but below the boundary doesn't ...

AUD/USD

Unfortunately for the bulls, now in bear territory (top of the range)...

AUD/USD

Here's a chart showing 8803 as the key level. It's the daily close on 10/3. I've numbered the days that it was able to close above it (3 times) since beginning of month. The first 2 times, bulls were able to fight it out and win 2 days in a row. The ...

AUD/USD

If you are long, I think 8803 is the key number to overcome right now. Bulls are trying to hold above it right now, but watch how quickly and easily the bears defend that level and price will be trading below it again. There will be more barriers ...

AUD/USD

I think good advice. This thing is still in consolidation, and will reverse on a dime.

AUD/USD

What stands out to me is the line in the sand drawn at 8803 by the bears. Bulls could not even reach it today. Not been an hourly close at or above it for 4 days. It looks to me like a top has formed for today's little bull push. Unless of course, ...

AUD/USD

as we speak...

AUD/USD

Plus a huge engulfing bar on the weekly and monthly chart. Should be able to squeeze at least 500 pips out of this one. I might need someone to tie me up and lock in me in a closet for a week or 2 to make sure I let it ride

GBP/AUD

Plus we're at a key support level and bullish flag formation on daily/H4 as well. If this doesn't blast off, I think I'll need therapy... again

GBP/AUD

if NY close is a pin on daily, I would look for that break out to commence...

GBP/AUD

okay, I'm over eager. But it's been consolidating for some time now, and huge bullish engulfing bar, followed by soon to be 2 bullish pins on daily time frame look like this thing is ready to blast off...

GBP/AUD

breaking out long. Jump in and enjoy the ride

GBP/AUD

But it's my opinion this thing will eventually go higher (breakout) into 90-95 area, before it starts making new lows on the daily/weekly time frame

AUD/USD