AUDUSD still failing to take out decent offers via ForexLive


20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


As Ryan baggsied a cable post I'm bringing you an AUDUSD update and to highlight that the decent offers between 0.8925-35 are still holding despite a couple of attempts now

Yesterday's first rapid drop came from up here so it's fairly pivotal now and hence some good interest to sell into it

Equally there's demand below 0.8890 as we've seen along with the general USD-neg tone today so far

Currently 0.8919 after 0.8927 highs

(And yes I have sold cable again up here at 1.6395 ! and will re-assess at 1.6340 ish and 1.6420).

AUDUSD 1 hour.Congestion into 0.8935

posted via ForexLive


20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


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Posted In: FuturesForexGlobalEconomics