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- wisemonk replied Jul 14, 2017
[quote=ArslanHyder;10086180] I saw it was bouncing off the side of the ascending triangle, so decided to play it both ways . So got into a long position too, along with the short. The red lines were the stop losses for each opposite position. ...
- wisemonk replied Jul 14, 2017
Interesting formation on the 5 minute chart. Ascending triangle again . Likely to break upwards, but could also turn out to be a false breakout and slide downwards. SL's are tight and just outside the triangle.
- wisemonk replied Jul 14, 2017
I am on a short, as I can see Divergence on the 1 Hr chart, so I am hoping for a reversal.
- wisemonk replied Jul 12, 2017
The bearish outlook on the Aussie makes perfect sense, fundamentally speaking. We are still not in a position to increase the interest rates, whilst the US is expected to raise it several times in the future. Interest rate differentials is a strong ...
- wisemonk replied Jul 11, 2017
Looks like it is in a channel. If that is true it may not go down any further than 0.7595. Closed a few shorts, just one left.
- wisemonk replied May 9, 2017
I am not entirely sure of that. I am going by weekly chart (AEST) and I am expecting it to bounce from the region 0.72900 to 0.7337. Of course your chart could be entirely correct as well, but I expect a retracement from current levels to atleast ...
- wisemonk replied Apr 4, 2017
I believe that the RBA statement/decision had minimal impact. It gave me an opportunity to increase my shorts. There is no way RBA could have increased the rate. And given the recent reports and the housing bubble concerns, there is no way RBA would ...
- wisemonk replied Feb 19, 2016
All markets are prone to manipulation, and currencies are no different. RBA and other forces try to pull it in different directions. The RBA guy can given an opinion, and it might temporarily get the pair to spike up or down a little bit, but PA ...
- Posts by Member Search: 'wisemonk'