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Maybe it's too early to say, but possible ascending triangle. Certainly still plenty of positive carry for aud/usd I think. Anyhow I like to spot these classic patterns, but I never trade them, as no text book I know of tells you how to trade them :)
If this bullish pattern works out, we could see the 1.0775 ish area again, but who knows :) The small red wedge I mentioned the other day worked nicely anyway.
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I'm inclined to agree. Some of the daily charts look quite bearish. Personally I don't mind either way though, as I now trade trend/countertrend - life is easier that way :)"
I'm inclined to agree. Some of the daily charts look quite bearish. Personally I don't mind either way though, as I now trade trend/countertrend - life is easier that way :)"
"Good morning buddy ............aussie is due a royal shafting over the next 2 weeks unless the hope of QE 3 is revived and made reality very quickly. The reason being all commods ...silver, copper, oil, gold are very weak technically. Euro is very…"
These wedge patterns seem to be quite reliable - i.e. typically they'll consistantly retrace 50% or more of the wedges height. Back to 1.0575 I imagine.
88 to 88.50 levels holds yet again. Bearish outside bar on the weekly. Price on the weekly can't close and hold above 88, and most times when we've seen a bearish outside bar it's followed by a good few weeks of trading lower. Waiting for a short…
Bearish in theory, though I would discount it if price moved above the high of the 8th.
"Bloody 'ell Levin....... let them plot and plan....... we just want to see how well you performed. Winner gets free membership to the local Masonic Lodge."
"this is a BBC (zionist) test they are monitoring how much brain damage their education and chemical attack is achieving."
"new CFTC regulations for trading companies means they have to declare what percentage of their accounts are profitable and also loss making"
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Good day,
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Have a nice day.
Mr. Augustin.