The Aussie just strolled into the barbing salon, IMO.

Aussie Trading Room and Cartoons Gallery

Why must it nearly always close the damn gap? Still inside the H4 downtrend-line though, so it should come down a bit. I see it getting to 50% retracement of March's daily TF low of 1.01147. image

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If the job advert numbers coming out in less than 2 hours is below 3.0, Aussie tanks, IMO.

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I think you miss-typed the stop-loss. Did you mean to type 1.04120 or more likely 1.04214?

AUD/USD

Looks like there's pressure for PA to drop again so I've hedged new sale orders again. I liquidated my previous ones.

Aussie Trading Room and Cartoons Gallery

If it's that one, well, from the last rates cut meeting outcome, it doesn't seem likely that there'll be a cut except if the economy dynamics in Australia warrants one - no major down-turn in the dynamics yet, I think. Not sure the PA is weary about ...

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Please, when is this RBA meeting? I thought the the last week one was it. Anyone know?

Aussie Trading Room and Cartoons Gallery

Hey, I'm no expert but the Aussies does tend to head straight up ever so often. Next high would be approaching 1.05, IMO.

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I believe in Visions.

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Yes, o.k.... I'm watching the show happening now...

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Fingers crossed! And my hedging (with high lots on either side, balanced-out) will work when I cash-in at the bottom and then wait for the top-move: image

Aussie Trading Room and Cartoons Gallery

Rub out the sleep from your eyes, Koala. The trend-line I refer to in the post is solid red in colour. Don't be fooled by my unorthodox, many open trades, which are the green broken lines you mention. I'm buried by the sky above and drowned under ...

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And, this thinking has revealed perhaps a new phenomenon to ponder: the old trend-line - mine, which is slightly rotated to the left of his- seems to now act as resistance to the PA's new up-swing: one can place sell-limit orders along this path, ...

Aussie Trading Room and Cartoons Gallery

On second thought... You might be right, sir - it is a support Otherwise, why would the PA, in my own model, keep sticking to the roof of a trend-line like flies, rather than truly bouncing off them. I'll forever be hooked on the spot market ...

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image

Aussie Trading Room and Cartoons Gallery

IMO your trend-line is slightly skewed with a right rotation bias. I still see PA bouncing off downwards - trend-line still a resistance.

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Heads up. Brock Lesnar's sneaking up unto this here thread

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See how the 4H trend-line is now acting as resistance when the break-out PA tries to move back in. image Here's a closer look: image

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Or might simply retest the current bottom and then bounce back upwards.

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