this will be a great risk reward trade, if we suceed it! looks good, unless fundamentals ruin our prediction, AUD will recover some power!
lets see what happens
We are hoping to see a good retracement after this fall! it just reached a very powerfull support. We believe it will retrace to at least 0.50lvl fibonacci. waiting for a good confirmation to enter around 81.90
lets see what happens! :D
We are waiting for a confirmation move to enter a short position with 50pips target. price reached a trend line that we believe it will respect. let's see what happens!
when it crosses the 124.10 we will open position!
We are looking for a trend continuation here, waiting for confirmation on that triangle pattern to breakout and enter a sell position around 0.8907 and hope for it drop 100pips. it's a dangerous trade because of news coming on NZD (wednesday) and CAD (friday). On the other hand NZD interest rate decision could launch price back to 0.8950 zone (i believe it...
We saw o huge bullish move last friday getting passed the 100pips mark. We are now waiting to see some retracement with the price correcting to its down trend. Our main target is 0.618 fibonacci lvl. After running +20pips we will modify our SL to breakeven and lets hope to see our final 100pips target hit.
