opposing forces in the aussieShould we call the area inside the green lines aquilibrium?
We saw buyers below and sellers above, so will be watching the action,
once price gets near one of these "value lines"
KAU1! trade ideas
AUDNZDRunning out of steam to the downside. has been following the 2003 A6/N6 spread very well, weekly RSI oversold turning back up. A lower low would be tremendously bullish
Will the "Aussie" follow the Yen !! I don 't trade Forex, but a friend of mine showed me this chart here of the Aussie dollar futures vs Japanese Yen Futures. The correlation is pretty good . My question for the Forex traders here, do you expect the Aussie to follow the Yen ? By just looking at the chart, I'm tempted to go short. ( Aussie in Blue )
Algo
AUSSIE LONG DAY TRADEAussie reached support. Today price action is showing that the bulls are in control. Trend line and gann fan line are giving support. I would do a day trade and close at the 20MA. Reward/Risk is not the best but it is a high probability trade!
AUSSIE LONG DAY TRADEAussie reached support. Today price action is showing that the bulls are in control. Trend line and gann fan line are giveing support. I would do a day trade and close at the 20MA. Reward/Risk is not the best but it is a high probability trade!
