Our Short trade reached the first target - See Attached - Potential bearish continuation as described on the chart.
AUDUSD and iron ore have been quite tightly correlated over the years as it is one of Australia's number one exports. Now there is divergence which should be looked upon with high skepticism. Either the Aussie dollar will rise on the prospect of higher demand or the price of iron ore will retreat on the continue lack of demand if the supply side cannot remain limited.
Lowe's dovish tone is surprised to the market as the announcement released yesterday keep optimistic to economy. He said "cutting rate is still on the table and the change of monetary policy will be balance", which is considered as the signal to cut rate next step. On long term, we agree that Aussie will be bearish in 2019 coz the real estate is likely to to be...
Whats your thoughts on this Pair? Leave a comment.
Trade Set up - In theory, tactically shorting the ‘Aussie’ around 0.7100, targeting the psychological level of 0.7000 level would make sense for technical trades, given the entry would be aligned to a strong underlying trend. That said, the big picture and set-up on the daily makes us cautious to take that trade, in fact, we would look to initiate a long entry if...
weekly set up. Looking for a volume pop on weekly especially bigger than the ones this year
Hi guys ! AUDSUD realized a beautiful bull run last hours with the Friday's DXY dropped. The price hit 0.726 and was rejected. From this pick i drew a Fibonacci retracement . Currently, the 0.236 line was reached and the price found a resistance on the MA10 after a closing price below this one. I'm seeing a Shoulder Head Shoulder there. So, i opened a short...
AUD/USD I am looking for a completion of a Head and shoulders stared on aug/31. Enough selling pressure can blow thru the 2nd shoulder and end up down at key support levels formed on sep-10. The above checkered red line is previous lows from Dec/2016. This is now a key resistance level that must be broken. I would only enter this trade with more confirmation of...
short trade towards the next support as displayed
FX:AUDUSD seems to be forming a bear flag on the large timeframe, there are some nice potential opportunities for a gartley completion which would also be a cypher C leg - instead of taking targets @ 38.2% for the bearish cypher I will probably hold longer term to see if we can break out of the channel/bear flag.