DISCLAIMER: This is not trade advice. This is for educational purposes only to demonstrate how I am looking to participate in this market. There is significant risk involved in trading, do your own homework and due diligence. COT Strategy SHORT Australian Dollar (6A) My COT strategy has me on alert for short trades in 6A if we get a confirmed bearish change of...
I have a hard time believing this rally is legit. Dive into the numbers, wages are down debt is up. Still some unfinished business down under. AUDUSD
short with the following setup as seen in chart, good levels and good R/R
waiting for the drop from this short with stop loss above the top levl
Challenges that needs to be pushed through: 0,73691 / 075251
Next trendy move in bigger time perspctive can start first when 0,78455 or 071065 is taken out.
The FX_IDC:AUDUSD pair is approaching key levels on this weekly chart. A close above 0.7710 followed by a close above the March high of .7840 would confirm what could be a relevant change in behavior.