AUD: It's Been Brewing, Now It's the Time!
Fundamentals & Sentiment
USD:
- Weak Services PMI, Employment, Factory Orders
- Expectations of lower NFP number tomorrow
- Fed's stance is stable: wait and see
AUD:
- Policy meeting: "Policymakers stressed the need to remain vigilant about upside risks to inflation, adding that a material rise in prices could require significantly higher rates."
- Interest rate expectations differential in favor of AUD
- Copper is showing the signs of recovery
Technical & Other
Setup: S(B)
Setup timeframe: D
Trigger: 4h
Medium-term: Sideways
Long-term: Up
Min target: 3:1
Risk: 0.37%
USD:
- Weak Services PMI, Employment, Factory Orders
- Expectations of lower NFP number tomorrow
- Fed's stance is stable: wait and see
AUD:
- Policy meeting: "Policymakers stressed the need to remain vigilant about upside risks to inflation, adding that a material rise in prices could require significantly higher rates."
- Interest rate expectations differential in favor of AUD
- Copper is showing the signs of recovery
Technical & Other
Setup: S(B)
Setup timeframe: D
Trigger: 4h
Medium-term: Sideways
Long-term: Up
Min target: 3:1
Risk: 0.37%
Trade active
NFP shook it out at break even , bought it back with avg 0.6745Trade closed manually
Closed 1/2 because of bearish price action and to still be able to keep the wide SL.Trade closed: stop reached
Closed the remaining at breakeven
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.