AUDUSD I did say just a few posts ago that the risk of a negative comment on tariffs from trump is high and dangerous to be locked into price hitting such high targets...
BTCUSDT In the market, it is essential to set a realistic target, preferably by mid-day, and align your trading strategy to achieve it. Avoid overtrading or chasing additional gains once your target is met, as it can lead to unnecessary risks and emotional decisions. Discipline and adherence to your plan are crucial for consistent and sustainable success in trading. XRPUSDTUSDJPYAUDUSDGBPJPY
AUDUSD too many instances to me for AUD due to it's volatility where a major dump follow by weeks of consolidation will return to at least tap that consolidation or sweep it. Price closed above .63 on the daily so I believe a fill to .636 is the next move before a rapid retracement to clean out the retail long sentiment before we're looking at targets like .65, .67, even .7+ in the longer term.
This was my high-time frame long bias posted on 13th of Jan, at this stage I would say the original short term anchor bias of .613 is too big of a target so will likely adjust that based of price action next week.
Again, the price action up to here was stimulated by comments from trump on Tariffs, one during a speech & one during an interview.
Any mention of tariffs or a breakdown of communication/negotiation with China will respectively see the move reversed.
Be adaptable, don't let impulse candles have you thinking about 1 way scenario, if this move up was more organic i'd be happily sitting in longs but with Trumpy in office, 1 tweet will send markets tumbling so I'd like to be certain.
AUDUSD Important news coming next week. If US keeps rates the same and the AUD has decent numbers, I'm betting this will fly. I think worst case scenario is sideways though.