TNT wrote:mnandii wrote:TNT wrote:@mnandii: What are your thoughts on a AU long this morning? Planning to exit the trade by the end of the day, depending on price action.
Hi. Unfortunately at present am only analysing the three pairs (EUR$, GBP$ and $JPY). Takes alotta concentration
But what I expect is that basically ALL currency pairs and commodities should trend one way or the other.
Got in at 0.92804 and so far I'm up +10 pips, went as high as +20 pips soon after London open but I was aiming for at least +60 pips. I'm thinking of scalping it now since it appears to have hit a speed bump.
Ok.
Me am looking at GBP$ which I expect to rise
slightly but not reach 1.6783. Then another good fall.
EUR$ is also poised for a nice fall. Also:
Quote:EWI Forex Insider @FX_ElliottWave · 11h
Here it is: That important point where the wave count says, "Look out below!" A 3d-of-3rd-of-3rd drop is fast approaching in $EURUSD.
$JPY too.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.