AUDUSD (Short)
Updated
Whats up Guys,
Basically, the Aussie is a mess right now -
Technically - i have a fib extension painted on the chart, along with some long term historical levels that i suspect will provide support at various increments.
Fundamentally, Aussie prime minister ousted, new sheriff in town - but i expect the Aussie dollar to sink, and continue to sink, for at least the next few weeks.
I think it could even get as low as .70 / USD
Let me know how you feel... give me a THUMBS UP and YOUR COMMENTS below - FOLLOW ME!
My only goals are to provide FREE advice and analysis
while getting feedback and education from the community of traders -
Good Luck and I'll see you on the floor.
-Nixxx
#Crypto #BTC #cryptocurrency #forex #AUDUSD
Basically, the Aussie is a mess right now -
Technically - i have a fib extension painted on the chart, along with some long term historical levels that i suspect will provide support at various increments.
Fundamentally, Aussie prime minister ousted, new sheriff in town - but i expect the Aussie dollar to sink, and continue to sink, for at least the next few weeks.
I think it could even get as low as .70 / USD
Let me know how you feel... give me a THUMBS UP and YOUR COMMENTS below - FOLLOW ME!
My only goals are to provide FREE advice and analysis
while getting feedback and education from the community of traders -
Good Luck and I'll see you on the floor.
-Nixxx
#Crypto #BTC #cryptocurrency #forex #AUDUSD
Note
Whats up Guys, some Key Points - - Im not in the trade right now - but Im tracking it closely.
- My take - AUD going to take a (further) beating and right soon. but Im waiting for the appropriate signal to move on it.
- Australian prime ministers dropping like flies. Australia is majorly impacted by the US 'trade war' which shows no signs of ending until AT LEAST November.
Trade closed: target reached
We will reanalyze - but I expect ATM that the original TP zones that I listed above are looking pretty good right now.Trade active
Expecting some consolidation here in this range until the next leg down - No real reason for the AUD to increase at this point, IMO.
My trade is set at:
SL7230
TP's are on the chart.
Note
2:6 Targets Reached so far. Some Big Aussie news coming out in a fwe hours - keep mindful.
Best of luck everyone.
Note
3:6 Targets Reached so farPretty sad for the Australians, but this currency has more to give i think.
Happy trading all -
Check the signals service - 2 weeks free. Email me today.
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