I have been watching the selling of AUDUSD. No position at the moment. We are now roughly at the 38% retracement, 82 cents zone. Let’s see if it is supported here, or maybe we will be looking at 0.78 level, which is also 50% retracement in daily chart. I am looking at every opportunity to build my long term position.
Here is the chart! (Click to view full chart)
This is something that I am looking at, and thinking about. Will NZDUSD stop at 0.73 level? Probably. However, it might be a small pull back, and I am looking at mid 0.74 for a stronger resistance level. Well, let’s see.
Here is the…. CHART!
AUDUSD broke below 0.91. Well, I am looking at some possible minor support around 0.906-ish level, however, the level of interest would be 0.90. Let’s see how it works out. I still love the idea of Long Aussie.
As mentioned in my Twitter feed, I am currently in Jakarta, Indonesia. Unfortunately, my broadband connection is having some serious problem. My next destination will be Malaysia…So, heavy travelling schedule it is.
I am still watching markets, but with limited trading. Let’s see if I can post/tweet something along the way.
Meanwhile, trade well.
I have been watching USDJPY. For short term trading purposes, I am looking at potential short opportunity above 93 cents. Of course, it might start to retrace before 93….Anyway, I am looking at another leg to move up to 93 now.
I don’t normally post detailed result of my trades. I just thought this chart is a beauty. Referring to the previous post for the short setup of NZDJPY. Target was hit. 63.05. And, maybe, this trade shows a little effort to plan your trade will reward you.
Here is the charts.
