AUD/USD 30-Minute Inverted Head and Shoulders May have Some upside- Target...
Originally Posted by josh.steele119
Here is how they lined up through the different times. I'm going to go ahead and stay in this trade until the 104 Level its the end of the week and what better trade to be in that long AUD/USD 4% or so roll over. I placed my stop under the first 15min bullish SAR.
Classic Inverted head and shoulders pattern indicates we could retrace to about the 1.0374 area before heading lower.
This confirms what your indicators are saying about the Aussie!
Thank you for being a part of our trading community! To be added to Greg’s e-mail distribution list, please click here
Want to discuss how our resources can help you reach your trading goals? Add your post to join the conversation or feel free to contact me directly at email@example.com
Joining DailyFX Forum is free and offers an extended range of features, including: Replying to other peoples' threads and receiving email notification of replies to posts and threads you specify. Click here to join.
[QUOTE=simbasimba;1120720]Guys, any idea what will AUD/JPY like... Bear or bull??[/QUOTE
AUD/JPY looks like a good selling opportunity to me as the resistance has been tested at 84.747 and hopefully will bounce and continue back down to 84.100. Thats my thorts but guess but im a very new trader.
Disclaimer: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. The possibility exists that you could sustain a loss in excess to your investment and therefore you should not invest money that you cannot afford to lose. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. FXCM will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Please note the information on this website is intended for retail customers only, and not for any Eligible Contract Participants (i.e., institutional clients) as defined in the Commodity Exchange Act §1(a)(12).