Here are my Aussie charts for this weekend. The Daily is still ripping to the upside, but the shorter term charts show a different picture. If my wave count is correct then this is due to reverse very soon. I will be selling at the 1.0322. If you wanted some more confirmation then you could sell at the 1.0280. Both of these points are below the last 2 support points. Either way this pair is going down for a nice move soon. Whatever you do, don't try to chase this market and take a long position at this point.The daily is about to collide with the 200ma and the 5 minute charts have a lot of confluence pointing to a reversal. I am looking to long USD across hte board next week after some confirmation.
You're right! I'm still waiting for your November appearance.
ReplyDeleteNice call! I see Aussie had a big dip the day after this post.