Comments on: EUR/AUD: How to butcher a big order in the FX market https://fxww.com/euraud-how-to-butcher-a-big-order-in-the-fx-market/ The Professional Source Tue, 11 Jun 2013 11:17:23 +0000 hourly 1 By: SFellner https://fxww.com/euraud-how-to-butcher-a-big-order-in-the-fx-market/#comment-22608 Tue, 11 Jun 2013 11:17:23 +0000 http://381c099c8f.nxcli.net/?p=8455#comment-22608 It was surely a good idea not to rush into that countertrend short (EUR/NZD) LOL. But I still expect it to correct sooner rather than later.

]]> By: Sean Lee https://fxww.com/euraud-how-to-butcher-a-big-order-in-the-fx-market/#comment-22598 Tue, 11 Jun 2013 10:17:44 +0000 http://381c099c8f.nxcli.net/?p=8455#comment-22598 I wouldn’t discount anything in these markets, in either direction. What we can definitely agree on is that market behaviours and reactions have changed as the market structure has changed. It seems there will be lots of long slow entries into trades and mad panic exits

]]> By: ExpatWatcher https://fxww.com/euraud-how-to-butcher-a-big-order-in-the-fx-market/#comment-22595 Tue, 11 Jun 2013 10:08:00 +0000 http://381c099c8f.nxcli.net/?p=8455#comment-22595 Re-look at the chart … the 1.41 target was the fake … its really 1.47 when neck broke at 1.3262 give or take in May. That pattern started shaping in Dec 2012 but faked a neck at 1.2780

Wont be a straight line …. but I see no reason why it will not get there

]]> By: mike https://fxww.com/euraud-how-to-butcher-a-big-order-in-the-fx-market/#comment-22594 Tue, 11 Jun 2013 10:03:38 +0000 http://381c099c8f.nxcli.net/?p=8455#comment-22594 Golden post. It should be sent to congress.

//Btw, EURO300 means 300 yards?

]]> By: pandu https://fxww.com/euraud-how-to-butcher-a-big-order-in-the-fx-market/#comment-22592 Tue, 11 Jun 2013 09:59:21 +0000 http://381c099c8f.nxcli.net/?p=8455#comment-22592 So this would imply that once this large EURAUD buying is finished + some time for the market to thrash about, we should see a big recovery in AUDUSD and a drop in EURUSD?
Your comments regarding liquidity are perceptive, its always enlightening reading your posts!

]]> By: FxDrive https://fxww.com/euraud-how-to-butcher-a-big-order-in-the-fx-market/#comment-22587 Tue, 11 Jun 2013 09:54:03 +0000 http://381c099c8f.nxcli.net/?p=8455#comment-22587 This is just one giant carnage of AUD. When i wrote about the inverted H&S on EURAUD back in late March, the target was around 1.41 , but this rise is just ridiculous. I see the price is coming up on strong weekly resistance at 1.4350, perhaps a stop ? AUDNZD still looks good on the upside, as soon as someone will take their feet of the pedal on aussie. Something tells me that the door for exiting aussie shorts will be very small. From latest COT report commercials are still loading up on AUD , difficult to stand in the way of such relentless selling.

]]> By: Izzy https://fxww.com/euraud-how-to-butcher-a-big-order-in-the-fx-market/#comment-22576 Tue, 11 Jun 2013 08:33:42 +0000 http://381c099c8f.nxcli.net/?p=8455#comment-22576 Hello Sean, so what do you think happens with EurAud going forward? Any idea if the big buy order is finished? If so will it drop as quickly as it went up?

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