NZD/JPY: something is cooking...

Ok that's it, this is one of those shitty, going nowhere breakouts that just waste your time and tie up your capital with phony moves.

Total P/L on this trade: minus 7 pips, nothing to write home about.

Oh well.
 
Quote from tradingjournals:

Did you check EUR/AUD on short side? I liked it at 1.5375.
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On the 1h chart EUR/AUD is forming a rounded top, usually a poor performer as far as chart patterns are concerned.
 
Quote from xelite777:

On the 1h chart EUR/AUD is forming a rounded top, usually a poor performer as far as chart patterns are concerned.
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It did a funny think at around 44. I am out.

Yes, you are right, some strong bars on the 1 min.

I was not aware of the rounding thing. Thanks for sharing.

I am still bearish on it. I plan to look at where to get back in.:cool:
 
Quote from tradingjournals:

Good luck to you!
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Thanks, even though luck has virtually nothing to do with trading.

But yeah, sure, I wouldn't mind an unexpected and immediate 500 pip profit due to some really, REALLY unexpected financial event :)
 
Quote from tradingjournals:


I am still bearish on it. I plan to look at where to get back in.:cool:
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If this is of any help to you, the EUR/AUD is forming a bearish configuration on the daily chart, with a nice shooting star followed by two bearish candles.

The EUR/AUD also made a huge 1500 pip move in 6 weeks without any significant pullback, so some type of correction is about to take place.

However, on the 15 min chart, this pair has short term upside potential, a bullish engulfing pattern just appeared an hour ago...

eur_aud_daily.png
 
Quote from xelite777:

However, on the 15 min chart, this pair has short term upside potential, a bullish engulfing pattern just appeared an hour ago...
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Just bought EUR/AUD at 1.5380

Sorry if I am betting against you, if you are currently short.
 
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