order not done. Sellers did not manage much, no lower low. Disappointing. time for some upside coming. Pair need to hold up another 24 hours and sentiment will flip, based on my system. I am just observing here. Trading this 8000 zigzag dance is not worth it.
What will going on, gold seems yesterday move on bearish trend strongly, whether previous trend still will continue on bearish long term like as audusd
observe gold stocks as well, say GDX. and compare movement gold vs gdx. It appears that strength in gold is preceeded these days by GDX strength. Log chart of GDx shows GDX more than doubled form low and rejected GFC low. Likely bottom behind and is racing towards top of the range at 68 or so. Short term moves will sure confuse you by design.
zig zagging 80.00 audjpy continues. Now back to above 80 again. lowest it managed since call started is 78.15. Looking for some UP action as we above 80.
Am watching it. Preferably I would like to see a weekly close above 80.50 then buy on a retrace to 80.50. If that happens can see 600 pip upside.Until then we are only at the top of the zone. And i don't buy tops or resistance. Nice you have stuck with it. awesome.
zig zags can last long time, until concentration gives up and then give up on trade and then predicted ahppens. Been there done that. NOT THIS TIME !!!
since my call issued, 2 things happened that strengten the case 1. AUDJPY 8000 is now proven actually support 2. My trade in variety of resources went north immediately. So, I am on optimal path for large win. Still 80 can collapse and all turn to s*it however, all large wins start like that so odds of being in large win scenario have increased considerably.
Hope it wrks out for you. Got into these at .02 cents. about 2yrs ago. SMN.AU http://hfgapps.hubb.com/asxtools/Ch...&pma1=0&pma2=0&volumeInd=9&vma=0&TimeFrame=M3
Had 1 million sold 400,000 at 24 and another 400,00 between 180 and 2.30 and am holding 200,000 shares at present. May sell 100,000 around $2.00 and just hold the rest. Huge hedge fund has been buying plenty of them presently so may be worth holding some. I have another one that just went into a trading halt. Be back on the market within a month. Will send the code through when i have finished my buying if you like.