Pain Trade. Long AJ setup on the RBA rate decision.
The market has priced a rate cut but the truce between US-China is a good proxy to AUDJPY. we could be seeing some good moves after a whipsaw.
Technically, we have three confluences.. one in the forming of Inverse Head & Shoulders.. and 200 Daily SMA..with TL`s. Still, if they sound dovish, this could go way bellow 74.50 which will invalidate the setup.
Technically, we have three confluences.. one in the forming of Inverse Head & Shoulders.. and 200 Daily SMA..with TL`s. Still, if they sound dovish, this could go way bellow 74.50 which will invalidate the setup.
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