Trade only if USD data today disappoints!!!!!!!!!!!!!!
Updated
So as always we scan the markets for trades that can provide all types of scenarios, this one in particular has been repressed for a while , you can see its been ticking downwards for over a week due to the Aussie woes of the RBA statement , copper prices and printing bad data .
However in my opinion what goes down must come up at some point , now important things to review here :
1. Its near Trend line support
2. the 0.38 fib Retracement has offered some more support
3. The last 3 days has seen some buyers stepping in
Very important we will only trade this should the USD - CPI and retail figures ( disappoint ) today due out @ 13.30
Reason is we are ( neutral ) the Aussie dollar and have been for a while, if this scenario plays out expect this to tick back toward the 0.75 levels
Along with AUD/JPY pushing higher too due to the cross pairs ( please see previous blog on this pair - 2/5/17 )
Have a great day people , glad its Friday.................
However in my opinion what goes down must come up at some point , now important things to review here :
1. Its near Trend line support
2. the 0.38 fib Retracement has offered some more support
3. The last 3 days has seen some buyers stepping in
Very important we will only trade this should the USD - CPI and retail figures ( disappoint ) today due out @ 13.30
Reason is we are ( neutral ) the Aussie dollar and have been for a while, if this scenario plays out expect this to tick back toward the 0.75 levels
Along with AUD/JPY pushing higher too due to the cross pairs ( please see previous blog on this pair - 2/5/17 )
Have a great day people , glad its Friday.................
Note
T - 3 mins stay alert guys for the usd data releaseNote
Okay so USD data missing slightly nothing to terrible , however we are long 73.80 With a stop @ 73.50
TP @ 75.00
Have a great weekend guys ......
Note
Okay so we are in a fairly good price , we have seen oil take a dip this afternoon and commodity prices falling short again on the news , so for this reason we will set a stop to break even @ 73.80 and relax for now Have a great weekend guys
Note
Okay so some factors for this trade for now , there are stronger pairs out there for now, but never the less we took a smaller position on this on Friday.Right now poor AUD home loan figs and CNY figs overnight disappointed so this could hold this stagnant for now but we have set our stop to break even and will keep an eye on this .
Looks like a good week of data ahead, especially for the GBP .
Will be in touch !!!!
Trade active
Still in this trade , stop still set @ break even 0.7380be in touch ....
Note
So there seems to be USD weakness right now due to the memo getting out see this article will help :news.forexlive.com/!/forexlive-asia-fx-news-17-may-20170517
Anyway expect this to keep ticking higher, still in , keep calm and carry on ...
Trade active
Okay so AUD Employment / unemployment figs due out in the ASIA session, stop at break even still .Watch this space !!!!!!!111
Trade active
Well well well , good Aussie figs for a change .Its important to remember here, that even after last Friday's entry @ 0.7380 post USD data release , and the bad home loans and CNY data, printed on Monday
( ASIA session ) to send this bouncing up and down, if you get in @ safer prices , pending a shock news announcement like in this case the trump fiasco currently playing in our favour, along with good Aussie employment figs your plan should play out if you have done your research and know whats ahead along with the charts lining up .......
We are enjoying pips again and will continue to , hope you are too , that's all for now I have talked enough ...........
Still in eyeing up the 0.7500 level now.....
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