AUDUSD: Huge breakout, similar to copper and iron ore
Updated
We have a potential breakout of considerable scale in the Aussie dollar chart. I'd highly reccomend entering longs if not in, you can risk either 3 times the daily ATR for the long term, or use Friday's low as your stop, more aggressively.
The target is the 0.8350 handle, to be confirmed after the bi-weekly time at mode signal on chart confirms. For now, it's not yet confirmed, but highly likely, so we can get in early on. I'm adding a shorter term entry here, on a break of Friday's high, with stops under Friday's low, to complement my longer term position in this pair.
Check out my copper forecast in the related ideas, as well as the oil an commodity index charts. We're in the brink of a massive move, that if confirmed, can be ridiculously profitable for all of us if it pans out like I expect it to. This also ties nicely with China's inclusion in the SDR basket today, OPEC's deal, fears of Deutsche Bank's failure dissipated, and Australia's fundamentals overall.
Cheers,
Ivan Labrie.
The target is the 0.8350 handle, to be confirmed after the bi-weekly time at mode signal on chart confirms. For now, it's not yet confirmed, but highly likely, so we can get in early on. I'm adding a shorter term entry here, on a break of Friday's high, with stops under Friday's low, to complement my longer term position in this pair.
Check out my copper forecast in the related ideas, as well as the oil an commodity index charts. We're in the brink of a massive move, that if confirmed, can be ridiculously profitable for all of us if it pans out like I expect it to. This also ties nicely with China's inclusion in the SDR basket today, OPEC's deal, fears of Deutsche Bank's failure dissipated, and Australia's fundamentals overall.
Cheers,
Ivan Labrie.
Note
Looks good, new high.Note
We might break out of the range here today, keep an eye on it.Trade closed manually
I don't like the erratic price action in eurusd and audusd. I'm out for now.Holding USDJPY long, GBPUSD short, XAUUSD short, XAGUSD short, NGAS long, USOIL long, and equity/commodity trades.
Trade active
Covered NZDUSD short for 1% profit.Reentered AUDUSD long:
Note
This pair might soar: Note
Close half of the long position.Trade active
Went long AUDUSD and Copper again today, right after NFP.Note
AUDUSD stopped, have to reenter on a break of Monday's high.
Note
After a test of support, the breakout is now fully confirmed...if we have daily lows above 0.7719 soon, it'll soar.
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