The possible short position in AUDUSD pair.
After a strong AUD in the previous two weeks, I believe the NFP results will continue to bring a bull in USD to against AUD.
First targeted profit area as shown from the chart, if it keeps drop then we believe an adjustment is coming to AUD.
Please follow the risk management strictly and the price confirmation for the position execution.
Risk Disclaimer: Any analysis or information is provided as general market commentary, and does not constitute investment advice. It is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make own independent investment decisions.
After a strong AUD in the previous two weeks, I believe the NFP results will continue to bring a bull in USD to against AUD.
First targeted profit area as shown from the chart, if it keeps drop then we believe an adjustment is coming to AUD.
Please follow the risk management strictly and the price confirmation for the position execution.
Risk Disclaimer: Any analysis or information is provided as general market commentary, and does not constitute investment advice. It is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make own independent investment decisions.
Trade closed: stop reached
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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.
Related publications
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.