Comments on: AUD/USD technicals: Bearish channel suggests a top near 1.0430 https://fxww.com/audusd-technicals-bearish-channel-suggests-a-top-near-1-0430/ The Professional Source Thu, 27 Sep 2012 22:50:25 +0000 hourly 1 By: Sean Lee https://fxww.com/audusd-technicals-bearish-channel-suggests-a-top-near-1-0430/#comment-558 Thu, 27 Sep 2012 22:50:25 +0000 http://fxww.dreamhosters.com/?p=813#comment-558 Hi Jordan, no the previous channel is now negated but I still like the sideways/lower trade idea so perhaps something like this might now work with bearish momentum still in charge but easing? https://www.tradingview.com/x/PXc6fvrK/

]]> By: Jordan https://fxww.com/audusd-technicals-bearish-channel-suggests-a-top-near-1-0430/#comment-557 Thu, 27 Sep 2012 22:46:26 +0000 http://fxww.dreamhosters.com/?p=813#comment-557 Hi Sean, do you think that top is formed?

]]> By: Nachiket https://fxww.com/audusd-technicals-bearish-channel-suggests-a-top-near-1-0430/#comment-518 Thu, 27 Sep 2012 09:01:05 +0000 http://fxww.dreamhosters.com/?p=813#comment-518 Yes. my mistake. but technically after clearing it was bullish. it is still not giving up its bullish bias. in any case i have hedged now so no worries

]]> By: Sean Lee https://fxww.com/audusd-technicals-bearish-channel-suggests-a-top-near-1-0430/#comment-513 Thu, 27 Sep 2012 08:16:40 +0000 http://fxww.dreamhosters.com/?p=813#comment-513 AUD/USD opened this mrng 10365 so had already moved 60 pips which is decent intraday move. That’s not the time to be buying imho. If bullish, wait for dips then buy or if bearish, sell into moves higher. That’s how to get into rhythm with mkt imho

]]> By: Nachiket https://fxww.com/audusd-technicals-bearish-channel-suggests-a-top-near-1-0430/#comment-512 Thu, 27 Sep 2012 08:13:08 +0000 http://fxww.dreamhosters.com/?p=813#comment-512 ok sir. but then do you feel i made a misktake by buying longs @1.0410 and 1.0420

]]> By: Sean Lee https://fxww.com/audusd-technicals-bearish-channel-suggests-a-top-near-1-0430/#comment-510 Thu, 27 Sep 2012 08:05:54 +0000 http://fxww.dreamhosters.com/?p=813#comment-510 No Nachiket; buy dips sell rallies is the oldest trading advice in the book and still the best imho 🙂

]]> By: Nachiket https://fxww.com/audusd-technicals-bearish-channel-suggests-a-top-near-1-0430/#comment-509 Thu, 27 Sep 2012 08:03:49 +0000 http://fxww.dreamhosters.com/?p=813#comment-509 another retest of 1.0370 would be bearish for this pair. do u suggest to add on to shorts then?

]]> By: Nachiket https://fxww.com/audusd-technicals-bearish-channel-suggests-a-top-near-1-0430/#comment-508 Thu, 27 Sep 2012 08:03:01 +0000 http://fxww.dreamhosters.com/?p=813#comment-508 Yes sean. you are right. two shorts one @1.0352 and @1.0355. both of them are underwater. bought one more @1.0409 just to hedge my longs @1.0410 and @1.0420

]]> By: Sean Lee https://fxww.com/audusd-technicals-bearish-channel-suggests-a-top-near-1-0430/#comment-503 Thu, 27 Sep 2012 07:05:24 +0000 http://fxww.dreamhosters.com/?p=813#comment-503 Sorry Nachiket, not 100% sure what you mean? You’re still running a short pos from 10360? If so, I’d cover initially on dips to 10370 and take small loss; if it breaks above 10440 then prob have to cover

]]> By: Nachiket https://fxww.com/audusd-technicals-bearish-channel-suggests-a-top-near-1-0430/#comment-500 Thu, 27 Sep 2012 06:53:20 +0000 http://fxww.dreamhosters.com/?p=813#comment-500 Sean,

cleared two longs bought @1.0359 and 1.0375 @1.0425. holding 2 longs and shorts now. shorts are deep underwater. have bought them @1.0360. suggest me what to do

]]> By: Sean Lee https://fxww.com/audusd-technicals-bearish-channel-suggests-a-top-near-1-0430/#comment-491 Thu, 27 Sep 2012 05:55:10 +0000 http://fxww.dreamhosters.com/?p=813#comment-491 Txs Jason, certainly possible, I’ve got a small offer in at 10433 just to stay interested, let’s see what happens

]]> By: Jason Jin https://fxww.com/audusd-technicals-bearish-channel-suggests-a-top-near-1-0430/#comment-490 Thu, 27 Sep 2012 05:49:49 +0000 http://fxww.dreamhosters.com/?p=813#comment-490 Sean, China is up more than 2% on the day. Could drive it higher.

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