EURUSD 1.1851 |
USDJPY 111.52 |
GBPUSD 1.3772 |
AUDUSD 0.7485 |
USDCAD 1.2406 |
GBPJPY 153.59 |
EURJPY 132.15 |
AUDJPY 83.48 |
CADJPY 89.86 |
Silver 26.23 |
Friday's $2431 high in gold consisted of a 21% rise from the Feb 14th low. Such percentage extensions from key lows or/and technical levels such as the 200-DMA, could flag crucial opportunities for partial/full profit-taking. Watch here.
Bitcoin versus Miners Performance
As many of you know 2023 was kind to members of our WhatsApp Broadcast Group who snapped up shares in bitcoin miners, while 2024 has so far been more superior to Bitcoin than most of the miners...
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Good luck in your future trades, and always trade with trend, look at USD/CHF it does look like a good short, and if you are fundamentally bearish AUD , you could short AUD/CHF (( it does look very attractive)) but always use stop loss
My heart goes out to you my friend. Just close your trading position and take a week off to regain your focus. Dont login to your trading plat form just stay away for one week.
You still have couple of thousands lift in your account, you could modify your trading style and practice, always use "tight stop loss" and hopefully by March you will regain all what you have lost, using correct trading style and good advice from experienced traders here.
neither me or any traders can tell how far the Aud can go I wrote yesterday that it could go all the way to 1.043 who knows??
Who knows maybe they will work out at the end, tonight china PMI if the number come bad we could see a big correction.
Other think you could Also hope for earthquake or tsunami to hit Australia tonight
NZD is testing the 50 fib retracement from October highs to the December low AUD facing resistance at 1.016
It is really bad to be in your situation when you just loss youre hard earned money especially in the current recession time where money is hard to come easily.
My friend if I am in your situation I will but stop loss above 1.016 and stop loss above 0.7680. And hope for correction, there is not much thing you can do in your situation. Lesson hard learned I hope you learned from it.
one thing I would like to say that the AUD made eight( 8) continuous rally against the USD. this happend only once in the last four years. so I think it is likely that the AUD will fall 2moro but how knows??
What is your open position and size?
How much current equity and free margin do you have?
What is your leverage?
Target 1.0085.
For me Looking at the Daily chart I can see that at par the pair has considerable support and the price movement is clearly from the lower left to top right on the chart. So I maintain MY long term bullish call on Aussie Dollar. my projection is 1.04300
WHAT is your opinion?
Other good trades are short USD/CHF or short Euro/CAD all these trades are fundamentally and more importantly technically look very attractive.
Every trader should keep control his emotion
Every trade should have his own trading strategy