Potential HUGE trade - Nice Risk Reward ratio
Updated
Currently, the price is retesting the June 12, 2021, and December 5, 2021, Minor trendline. As long as the price stays above this line, I reckon AUDUSD will start to climb to retest the February 25, 2021 Down trendline. However, a breakout below this support, AUDUSD potentially falls deeper to retest June 12, 2021 low at a 0.67 level.
Catalyst:
- AUD Cash rate
- RBA Rate Statement
- US ISM Manufacturing PMI
- US JOLTS Job Openings
- ADP Non-Farm Employment Change
- US Unemployment
- ISM Services PMI
- NFP
Invalidation:
- This analysis fails if the price breakout the Red support
Catalyst:
- AUD Cash rate
- RBA Rate Statement
- US ISM Manufacturing PMI
- US JOLTS Job Openings
- ADP Non-Farm Employment Change
- US Unemployment
- ISM Services PMI
- NFP
Invalidation:
- This analysis fails if the price breakout the Red support
Note
Note
Target 1, DoneNote
🇦🇺 RBA Interest Rate DecisionActual: 0.1%
Expected: 0.1%
Previous: 0.1%
Note
Target 2, DoneNote
Note
🇺🇸 Initial Jobless Claims (29/JAN)Actual: 238K
Expected: 245K
Previous: 261K
Note
US Jan Consumer Prices +0.6% vs. +0.4% est.US Jan CPI Ex-Food & Energy +0.6% vs. +0.4% est.
US Jan Consumer Prices Increase 7.5% From Year Earlier; Core CPI Up 6% Over Year
🇺🇸 Initial Jobless Claims (05/FEB)
Actual: 223K
Expected: 230K
Previous: 239K
Note
Target 3, Done
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