Tradex Forex Journal

Please note that some of my comments are for dramatization and entertainment purposes only, I am not actually "talking" to some currency pair

 

Reversing on me, or so it seems, eh?

I'll call your bluff and "double down", how about that, Aussie?

 

The last Aussie bulls are still fighting for their turf, but for how long?

Let it go boys.

 

Out AUD/USD at 0.7740, +25 pips.

 

Short EUR/AUD ar 1.5568, 31 pip stop.

 

Some support at the 1.5570 level (5 min chart), don't reverse on me boy.

 

Crude Oil Inventories report in 10 minutes, let's see if it moves this lazy bum.

 

Notice that both EUR/USD and AUD/USD are currently moving fast, but not the EUR/AUD.

 

From a chart pattern point of view, we do see a breakout of an uptrend line on the EUR/AUD.

I do not use chart patterns but they do add some conviction to our trading decisions.

 

Uh-oh, possible reversal in progress, easy super freak.