Aussie will test PH 0 or PH 1 before she moves up again. That's the way it is.

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Whether or not the gap would be closed won't change the preset path Aussie is going to walk through. Aussie's current PH scale is less than 7. So she is acidic now.

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The resistance and supports are temporary pauses of market. I don't know how low this will go at this point. I don't think it is time to go long now. IMHO.

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This could be the last chance for bulls to exit this downward elevator.

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The painkiller given to Spain by Europe was not working well. The Euro dropped more than 130 pips from its session high at this point.

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Looks like the elevator resumes its original downward move to the ground floor. There are so many bulls with us now. I guess they took the wrong elevator earlier.

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FTX, I was not saying you were wrong or I was right. My point is that the current world economy deterioration has speeded up. The eruption of WWII had some deep rooted relation with the depression in 1930s. The collapse of worldwide economy may lead ...

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FTX, Seems to me, Euro is like a very sick patient who is currently holding up by doctors and nurses. Its recent performance is more like "dead cat bounce". Euro is on its way to 1.15 and then drops to below parity very soon. A strong Aussie makes ...

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Take it easy. This artificial rally pumped up by fake Chinese data should be over soon. IMO image image image image image

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It's O.K.. I have a few short positions only. Cannot win each time. image image image

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Is your post an advertisement for MT5 Forum?

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Please provide your insight as to why it could be safe to buy Aussie around 0.9820 and your target. Thanks.

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The first bounce could be around 0.9850 or lower based on Friday's PA and trading. IMO.

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Resistances or supports are not tiny horizontal lines. Instead, they are free-form bands with various widths like Ichimoku clouds. There are different orders or forces behind the market moves. They are in a hierarchy system. The natural principles ...

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Headlines — Some headlines may move Aussie next week. First is the pending Greek election. The uncertainty of the outcome and the possibility of Greece's exit of Euro. Second, China's slowdown. This may have more direct impact on Aussie. ...

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What is your rationale that you are personally looking at a bullish bias for risk markets this coming week? Thanks.

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Are you short or long? In your previous post, you indicated you were long. Now you are going to exit short position and will go short for a few days. What do you mean?

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FTX, Thanks for your post, which is very informative. My view was very simple. I knew it was the end of a bounce but a lot of late comers wanted to get into the game. Also, breakout traders saw the "resistance" was broken; therefore, they all piled ...

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The verdict is already out.

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I hope you are right and your chart looks very indicative. Your chart solved one of my longtime puzzle as to why at the end of the bounce there was so much buying pressure. I guess you are a breakout trader. Your chart will help me identify the exit ...

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