AUD time to retrace
AUD posted some weak data the other day. This pair has been sideways ranging for over 2 weeks. I don't think it has any more strength for the upside without a good pullback down at the least.
SL:0.7750 with a trailing stop of 20 pips
TP1: 0.7650
TP2: 0.7600
SL:0.7750 with a trailing stop of 20 pips
TP1: 0.7650
TP2: 0.7600
Note
DXY has been falling and AU is dropping slowly as well, good indication that AUD is losing strength and will roll over, especially when USD picks up strength. cheers.Note
Came close to TP a few times but after some sideways action It hit FIRST TP. I opened up some more shorts on AU pullbacks higher and have a few short positions.Trade active
Almost his TP2.. missed by 16 pips.. we will get it by Friday... Trade closed: target reached
Hope some people caught pips on this.. cheers.
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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.