AUDUSD....LOOK FOR SHORTS
HELLO ALL,
AUDUSD, I ENTERED A TRADE WITH A SMALL SL EARLIER WHERE IT HIT MY SL, 12 PIPS. CHINA COUNTERED TRUMP ON THE ONGOING TRADE WAR AND HONG KONG, FOLLOWED BY MIXED US DATA AND GLOBAL POSITIVE ECONOMIC OUTLOOK, PUSHING THE AUSSIE HIGHER.
WITH THE PAIR TRENDING HIGHER POSSIBLY TO THE .7000 AREA, LOOK FOR SHORTS THROUGHOUT THE WAY BEFORE GOING HIGHER. RIGHT NOW IT IS SITTING AT THE .6800 MARK ON AN OVER EXTENDED RSI TOUCHING MY WEEKLY TREND LINE. RBA IS COMING OUT WITH INTEREST RATE DECISION LATER ON TONIGHT (CENTRAL TIME). MY OPINION, IF THE RATE STAYS THE SAME OR WORSE THAN EXPECTED, MOVE TO SHORT THE PAIR AT LEAST TO .50 FIB ON 4HR CHART AND KEEP FOLLOWING THE TREND. WATCH FOR THE FUNDAMENTALS AND PRICE ACTION.
IF YOU LIKE PLEASE GIVE A THUMBS UP AND ALSO COMMENT YOUR OPINIONS AND IDEAS, THANK YOU!
AUDUSD, I ENTERED A TRADE WITH A SMALL SL EARLIER WHERE IT HIT MY SL, 12 PIPS. CHINA COUNTERED TRUMP ON THE ONGOING TRADE WAR AND HONG KONG, FOLLOWED BY MIXED US DATA AND GLOBAL POSITIVE ECONOMIC OUTLOOK, PUSHING THE AUSSIE HIGHER.
WITH THE PAIR TRENDING HIGHER POSSIBLY TO THE .7000 AREA, LOOK FOR SHORTS THROUGHOUT THE WAY BEFORE GOING HIGHER. RIGHT NOW IT IS SITTING AT THE .6800 MARK ON AN OVER EXTENDED RSI TOUCHING MY WEEKLY TREND LINE. RBA IS COMING OUT WITH INTEREST RATE DECISION LATER ON TONIGHT (CENTRAL TIME). MY OPINION, IF THE RATE STAYS THE SAME OR WORSE THAN EXPECTED, MOVE TO SHORT THE PAIR AT LEAST TO .50 FIB ON 4HR CHART AND KEEP FOLLOWING THE TREND. WATCH FOR THE FUNDAMENTALS AND PRICE ACTION.
IF YOU LIKE PLEASE GIVE A THUMBS UP AND ALSO COMMENT YOUR OPINIONS AND IDEAS, THANK YOU!
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