AUD/USD - Will you buy here?

Down slope on the Weekly chart? Ok, one could argue this is a sideways market, but we are on the top of it.
Overbought conditions on a low ADX market? Still, MACD can hold this a bit longer, so bears should take their precautions...

A long term pattern looks clear now, but as said, its a long term one. Consider to trade it if price can´t hold 1.0475 (medium term setup).

Short term levels to watch: 1.0436, 1.0475 and 1.0515. I have a bearish bias on this one, but I am short term wrong above 1.0515, or else one should expect a move to the target area in the near term.

GALP - Clear path - 15/08/2012

Entry above 11.70 and (or) with a break under 10 days e.m.a. (today at 11.42).

Expect a rapid test (short term target) to 50 days e.m.a. ( today at 10.76) and after a pause, a move to the middle area of the pattern (today at 9.93).

Medium term target near 8.00.

Wrong with a close above yesterday highs (12.15).

This market is going down...

New lows on VIX without new highs on S&P500. For me this is a clear bearish signal...

Looking to the weekly charts one could say: "Been there, done that"

I have a clear scenario in my mind, and will use daily chart to prepare a plan

Under 1406 i am expecting a visit to the 50 days e.m.a. or even to the 200 days. Bears would like to see a strong break of the 1388 level which would point to the lower end of the recent range. I will sell more with that breakdown. I really do not think bulls can sleep now...