base pair /multi asset short idea w catalyst.this is a bearish thesis for AUD/CHF. AUD/SGD, AUD/DKK, AUD/JPY
REFERENCE PAIR : AUD/NZD
we can reference AUD/NZD everyday for entries Optimisation.
NZD strengthens against AUD; if it rises, NZD weakens. hIGH IMPACT events in the next 7 working days GDP, inflation, interest rates, and trade affect this rate. New Zealand imports 3.6% of Australia’s exports, while Australia imports 17% of New Zealand's. Australia exports ores and mineral fuels; New Zealand exports dairy, eggs, and meat.
- i mentioned the fundamentals, just to remind stick to the price action amist the chaos which will be triggered on this fridays NFP.
for this specific trade idea the drivers are AUD/CHF & AUDJPY. To maximise the returns we execute simultaneous entries on AUDDKK and AUDSGD
This trade idea is for 2 working days of this week + 5 working days of 2nd week of May.
the idea is to short the pairs once every session until 10th of may.
the short drawings are inspired by the ADR for 2024
AUD/CHF - 50 Pips , AUD/JPY 86 pips.
represented as 1:3 on the charts as a reference
Fundamentals:
Switzerland imports 0.44% of Australia's exports, while Australia imports 0.83% of Switzerland's. Australia exports ores and ash; Switzerland exports pearls, precious metals, and coins.
and
Japan imports 15% of Australia's exports, while Australia imports 2.3% of Japan's. Australia exports ores and ash; Japan exports vehicles.
given the Geopolitical affairs this quarter and the catalyst this Friday, I aim to short till the marked TP in multiple entries and scalps within each session of the day.
