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Australian Dollar Futures

AUDUSD two trade set upsAUDUSD is still a bit undecided. My bias is long assuming break upward of current futures weekly trend. Just because bias is long doesn't mean we know the future. There are two trade setups. Wait for price to reveal. the trades are: Long; watch for bounce of orange trend line. Requirement; no break down and 240 candle close with good bounce of trend line, long with target at upper red trend line. Short; Should break down occur, wait for confirmation with 240 candle close below break point and short to lower red trend. Expect three wave move with break down. Trade updates as needed. Wait for confirmation. If you are unsure how to trade bounces or breaks, send me a message. Trade wisely,
Long
by davidchalker
DX US Dollar index $DXYUS Dollar showing signs of distribution as evidenced by accumulation in E6 Euro, J6 Yen and A6 Australian Dollar. #1 Short term excess supply signal has been flashing on/off today signalling a high probability of more selling. Note: no new cyclical support or resistance levels have calculated and printed at this time. This distribution will most likely take a week or two. $CL WTI Crude futures show accumulation also. These are my opinions based on current evidence.
DShort
by kilo1romeo
AUS200: Aussie stocks about to correct or what patience meansIf you see the "Aussie map", linked below, gives a more rounded picture of the local market at the time being. Stocks are currently in confluence area that gives the shorts better probabilities for a possible correction. Momentum divergence can been seen from miles away and a closing below the up trending arc line will have the sound of a bottle opened, supported by playing loud some really old classics classics like iNXS "Original Sin", "Under the milky way tonight" by Church, some Triffids and Jenny Morris. Cave &Bad Seeds, AC/DC's and local beloved cult hero Jimmy Barnes will fade the night away. God bless and cheers P. p.s. "No Pussy Blues "by Grinderman is dedicated to the stops above 1,272 www.youtube.com
FX:AUS200
by pantheo