Comments on: AUD/USD: Technical contrarian trade https://fxww.com/audusd-technical-contrarian-trade/ The Professional Source Fri, 29 Nov 2013 07:42:51 +0000 hourly 1 By: Lam-Son https://fxww.com/audusd-technical-contrarian-trade/#comment-32600 Fri, 29 Nov 2013 07:42:51 +0000 http://381c099c8f.nxcli.net/?p=11233#comment-32600 Hi Sean,

AUD is so weak but that’s not the end of world. A bearish shooting star has formed for the EURAUD pair at around 1.5. Similarly, a bullish hammer for AUDCHF.

]]> By: Sean Lee https://fxww.com/audusd-technical-contrarian-trade/#comment-32580 Fri, 29 Nov 2013 05:08:06 +0000 http://381c099c8f.nxcli.net/?p=11233#comment-32580 I got AUD wrong again, will sq up shortly and take the 15 pip loss; time to head into the w/e

]]> By: ExpatWatcher https://fxww.com/audusd-technical-contrarian-trade/#comment-32578 Fri, 29 Nov 2013 04:29:05 +0000 http://381c099c8f.nxcli.net/?p=11233#comment-32578 Looks suspiciously like someone ramped a stop loss through 1.50 now … but still think AUD is an ugly duckling 🙂

]]> By: ExpatWatcher https://fxww.com/audusd-technical-contrarian-trade/#comment-32574 Fri, 29 Nov 2013 02:37:06 +0000 http://381c099c8f.nxcli.net/?p=11233#comment-32574 EURAUD taking out the August highs ….. AUD has become the ugly duckling – sentiment is hard against it. I think Europe open and AUD going to slip again

]]> By: Sean Lee https://fxww.com/audusd-technical-contrarian-trade/#comment-32562 Thu, 28 Nov 2013 21:57:51 +0000 http://381c099c8f.nxcli.net/?p=11233#comment-32562 Too hard Adrian, EUR and JPY must be the 2 hardest currencies to pick at the moment. I think the next big tradingh opp in this pair will be to sell it somewhere, but where and when?? That’s always the tough question.

]]> By: FxDrive https://fxww.com/audusd-technical-contrarian-trade/#comment-32557 Thu, 28 Nov 2013 21:41:53 +0000 http://381c099c8f.nxcli.net/?p=11233#comment-32557 Increasing is not a bad idea especially since the time frame is on the large side. Still waiting on my cable bet , if nothing happens soon i’m folding it , it’s gonna be bitter but i’ll live with it. And speaking of contrarian views , I remember you had a view on EURJPY , looking at it now it stands at a weekly resistance and 140 might be a tough nut to crack ?

]]> By: Sean Lee https://fxww.com/audusd-technical-contrarian-trade/#comment-32554 Thu, 28 Nov 2013 21:16:42 +0000 http://381c099c8f.nxcli.net/?p=11233#comment-32554 You might be on a winner there Adrian. If it can establish itself back above 1.12 then a sharp short-covering spike would certainly not surprise. Wait and see what happens over next few hours, might even be worth increasing once you get a bit of profit on the trade?

]]> By: FxDrive https://fxww.com/audusd-technical-contrarian-trade/#comment-32551 Thu, 28 Nov 2013 20:58:28 +0000 http://381c099c8f.nxcli.net/?p=11233#comment-32551 Morning Sean. On the same note , my AUDNZD trade survived ( barely ) and is now back at b/e .A further advance tomorrow would create a nice looking weekly candle. Risk/reward is great on this one and I’m still contemplating a rally. If Aussie looks like basing against usd , kiwi is on the brink to collapse , decent looking H&S on the dailies. My odds look good 🙂

]]>