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Author Topic: Shorts-n-longs (PA, S&R, etc.)  (Read 26813 times)

Offline alextrader79

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Re: Shorts-n-longs (PA, S&R, etc.)
« Reply #150 on: October 24, 2017, 10:06:31 AM »
Aggressive sales of AUD/USD were observed during the Asian trading session. The currency found its support at the 0.7780 level. I plan to wait for a correction to 0.7795-0.7805. If the price reaches this zone, Ill short the pair. It may move to 0.7780-0.7750.

Offline alextrader79

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Re: Shorts-n-longs (PA, S&R, etc.)
« Reply #151 on: October 25, 2017, 10:33:29 AM »
My expectation on AUD/USD were confirmed. Aggressive sales were observed during the Asian trading session. It happened due to the publication of a weak report on the inflation in Australia. Ill sell the pair, if it fixes below the 0.7710 local support. The pair may move to 0.7675-0.7650.
I also dont exclude a technical correction after a sharp fall of AUD/USD. Ill buy the pair, if it fixes above the 0.7730 local resistance. It may move to 0.7750-0.7775.

Offline alextrader79

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Re: Shorts-n-longs (PA, S&R, etc.)
« Reply #152 on: October 25, 2017, 10:35:21 AM »
I expect a correction on USD/CHF soon. The divergence of price and MACD has appeared, its a reversal formation. Ill sell it with a trailing stop, if the pair fixes below 0.9895. It may move to 0.9870-0.9840.

 

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