Friday, August 13, 2010

AUDUSD - Daily & Hourly - Updated

Posted by Aurum at Friday, August 13, 2010
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4 comments:

  1. AnonymousAugust 13, 2010 at 11:33 PM

    Hi Aurum,
    Do you think we could actually make any new high on this pair before 'the great decline' :)
    The reason I say that is we had a few 'fake out' tops in the past couple of months (in both equities and forex)...

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  2. AurumAugust 14, 2010 at 12:40 AM

    Hi Jem,

    I don't expect this pair to make a 'new high' before the 'great decline'.
    What i expect is a retracement (by way of wave 2 - which as per the rule, cannot retrace more than 100% of wave 1 - in this case, wave 2 cannot retrace above 0.9222).

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  3. AurumAugust 14, 2010 at 1:27 AM

    Dear Jem / All,

    Apologies...

    I stick to my statement - "I don't expect this pair to make a 'new high' before the 'great decline'."
    Which means - I don't expect this pair to surpass the recent high of 0.9222.

    Kindly ignore the 2nd part.

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  4. AnonymousAugust 14, 2010 at 1:28 AM

    Yep, (if we have the count right) I'm looking to get short in this retracement with stops above 9222. I think more likely we'll be targeting the 9135 zone on a pullback - here's hoping!
    Thanks for the great site,

    Jem

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