Comments on: AUD/USD: Short-term support forming but resistance line also clear

By: Yue

Yue — Fri, 21 Jun 2013 08:51:13 +0000

Ok, I’ll keep the position and look to add if it failed to break out. With your help, I confirm the panda would not escape again, haha……Thanks a lot to you and FXWW303 and FXWW888! Have a great weekend!

By: Sean Lee

Sean Lee — Fri, 21 Jun 2013 08:42:38 +0000

Hi Yue, this was such a beautiful basing set-up few months back! At moment I would prefer the short position from risk-reward side. If it stays below 20100 roughly then we could see a deep dip towards 19100, over a period of weeks of course. Long term this goes higher again I think but I certainly would not buy at current levels.

By: Sean Lee

Sean Lee — Fri, 21 Jun 2013 08:38:51 +0000

Hi Cozmin, you are a glutton for punishment 🙂 I think we will see all levels plenty of times in EUR/CHF as we will stay in range trade mode. You will need to be very patient and disciplined and wait for correct entry levels. S/T looks like 122/1235 so I think you might be in at wrong level. Best get out on rallies back to yur entry and then buy deeper dips. Remember 90% of traders time is spent waiting

By: Yue

Yue — Fri, 21 Jun 2013 08:27:55 +0000

Hi, Sean, could you please have a look on GBPNZD? I caught the panda at 2.0 again, but just a no brain trade, really do not not where it will go from here……Thank you!

By: Cozmin

Cozmin — Fri, 21 Jun 2013 08:26:09 +0000

Hi Sean, how do u thing we shall play CHF? i’m long EURCHF from 1.2320 with a little bit leverage (not so little). u do u think, it possible to see it up again? we have the 200 mva daily who supported all the attempts to it. Thank u so much