Sometimes all lines up so nicely
Oh no I had to scalp buy again at 1.0474 - but would need over 86 to worry me about being lower still - ;-)))))
EU joined in on the fun (lol)
Loads of trades for scalping ;-))
AU still falling Lisa after 2hrs of "teasing" along with decoupling etc and all the other tricks which have been going on to confuse the retail trader
Morning Lisa - re AU - being a short term trader - I did not keep my scalp sells on this pair and came out after London close. I mentioned to you in this blog 18 hrs ago or more after you read this that I would be worried if it went back to 86 - (1.0486).
Well it did to the pip - but so far as not gone above it. With .1.0505 being the top for yesterday is now 1.0486 - the LH.- leading to further falls again ? Or will we challenge that price again this morning and try for a new high ?
I am OK and already have my scalpers range to work in ( 86 -60) so will carry on just taking my "crumbs" - whilst waiting to see what might be install.
Meanwhile back to the EU and GU - but look forward to your thoughts on today's AU movements.
Have a great day
Next Support level 1.0393(0.50%) and 1.03435(0.618%)
imho worth shorting around 1.0480/90 area if we can get there, first target as 1.0430
Hi Majimaji and Sun - you were right - I had initially thought it might hold at 50-60 support - but after being out for 40 mins - notice on return we have gone under both those minor supports and slightly below yesterday's low of 0441. That's approx 100 pips of movement in 2 main moves since then and I hope you managed to get some of those pips.
As its stands we are doing LH's and LL's now and so if that continues I agree Sun- we might try lower with the 2 levels you mentioned or just to 0412-19 area. Just got the feeling though we won't get a 100 pipper in one go ;-)
Interesting view from a 30min chart Peter, it looked at though price was going to 'zoom' through that muddy/support zone, if it continues with similar momentum of the last 3 hours out of that zone then technically there is room for a nice drop.
Hi Keith - I think this is example of a "Change Of Noise" ;-) All looked OK for under 0430 - but its just stopped and as gone nowhere the last 4 hrs. Well done Majimaji - with your initial forecast - spot on ;-)
As you say Keith - if it does break through support - there is room for a drop. Below 0460 price area it still may be on - but over then it might have turned as it trying.
With it being a big day for news items we might well have to wait. Lets hope the start of the US session can at least create a few nice moves for a start
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