In EurAud, head and shoulder neckline was also broken. Could this be a reversal sign? Not yet maybe, until a new downtrend of LL in higher timeframe can be seen.

AUD/USD

.9035 broken, see if it can stay with a close. If so, next resistance will be .9126 level.

AUD/USD

image

AUD/USD

image Next resistance .9034, if unable to stop it, we see .9126. Employment news next, beware.

AUD/USD

Was it fast? The rejection was fast too.

AUD/USD

Bulls are still gunning for that .9 level. This will be the fourth tries this week to break that level. Will it break this time on the back of USD weakness?

AUD/USD

What was that line refering to?

AUD/USD

AU is still stucked in an undecisive range.

EURUSD

However, looking closely to the chart, the strength of the rejection are getting stronger and stronger each time. Shows that bears are getting more and more confident each time it reaches .9 level.

AUD/USD

image This level got rejected for several times this week. Bears are not giving up a fight in this territory.

AUD/USD

I see, I am being naive. I am still stratching my head on HDA's "push and dump" analogy. What's that?

EURUSD

Agree, clearly .9 level is rejected.

AUD/USD

Just curious, HDA is shouting short all this while, how could you have profited from it?

EURUSD

Fundamentally yes, a high Euro is not good for the euro economy, however, I couldn't recalled Draghi giving a damn abt a high Euro. How high is high?

EURUSD

How?

AUD/USD

Nice, but just curious. In your last trade, why do you buy and sell within 3 mins and earning only 2 pips? Robot trade?

AUD/USD

I am not too sure if a 15 pips move is considered a convincing rejection. I do not know, I am still a newbie. However if the next H4 candle shows a bearish candle, then it simply means "Sorry bulls, it still not your show".

AUD/USD

From my observation, head and shoulder in lower TF means nothing, its only textbook concept. However in a higher TF such as daily or weekly chart, it would be the strongest for reversal patterns.

EURUSD

Just did like you said, but PA couldn't hold above it. Its rejected but yet no strong rejection. PA is floating again, market is uncertain. NY might see clearer direction, otherwise will wait till Thursday for news.

AUD/USD

image As far as I can see this, its either make or break.

EURUSD