Stella jobs report - Good for 50 pips in my opinion (Easy Pips)
Okay so the AUD has been in flavour again the past 2 weeks , and it has enjoyed a tremendous rally against the NZD since July , with profit taking along the way ( including me ) .
So my analysis :
I reckon were good for about another 50 pips or so over the next few days , with the good data that came out Asia session last night , Double its expectation and this was full time jobs too.
With this pair its been clear to see the AUD is in control but is running out of steam, so don't get greedy.
Disappointing Chinese data has taken some of the wind out of the rally, but I feel upwards we will go for now .
Entry set @ MKT 1.1045
TP @ 1.11
Stop set @ 1.0970
Happy trading people .
So my analysis :
I reckon were good for about another 50 pips or so over the next few days , with the good data that came out Asia session last night , Double its expectation and this was full time jobs too.
With this pair its been clear to see the AUD is in control but is running out of steam, so don't get greedy.
Disappointing Chinese data has taken some of the wind out of the rally, but I feel upwards we will go for now .
Entry set @ MKT 1.1045
TP @ 1.11
Stop set @ 1.0970
Happy trading people .
Trade closed: stop reached
Okay we let this run and moved our stop to break even but we were stopped out unfortunately , 7 pips off target.Stay tuned
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.