Price stalled at the 200-4-hour moving average and the .75 level.
The R/R favors a short position, IMO.
My only hesitation are the two events that are tomorrow. The FOMC and the AUD employment report.
Might be a good spot to sell for a day trader, but my time frame is longer and I believe the risk is too great.
Agree/Disagree? Let me know in the comments below.
The R/R favors a short position, IMO.
My only hesitation are the two events that are tomorrow. The FOMC and the AUD employment report.
Might be a good spot to sell for a day trader, but my time frame is longer and I believe the risk is too great.
Agree/Disagree? Let me know in the comments below.
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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.
Related publications
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.