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AUD/USD EXCHANGE RATE FUTURES

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AU1! trade ideas

$Aud Aud has held strong despite the historical low interest rates from the recent .25 cut by the RBA. Unlike its fellow antipodean Nzd which took a major hit while risk sentiment was percieved to be much higher to investors last month.The past 2 months Gold is up 5.4% feeding the risk off sentiment and also iron ore contracts up 39% on the year helping the commodity currency keep stable. Daily there's a tight range of $.7010(50ema) - $.7020 (76.4%) that was rejected but held an engulfing candle above the prev daily high and the 61.8% retracement. Weekly price finished above the 23.6% retracement after a doji signaling continuation upwards. Should price break the weekly 20ema/32.8% ($.7070) then there is optimism for bulls to to test the 1D 200ema around $.7160. Note Business Confidence and Employment change i expect to be weaker later in the week so will keep you updated.
ALong
by uptime919
AUSTRALIAN DOLLAR FUTURES (MAR 2019), 1D, CMETrading Signal Short Position (EP) : 0.7242 Stop Loss (SL) : 0.7279 Take Profit (TP) : 0.7168 Description A6H2019 formed Turtle Soup Sell at 1d time frame. Trade setup with Sell Stop at 0.382 Level (0.7242) and place stop after 0.618 level (0.7279). Once the position was hit, place take profit before an agreement (0.7168) Money Management Money in portfolio : $1,000,000 Risk Management (1%) : $10,000 Position Sizing $0.0001 = +-$10/std-contract Commission fee = -$4.94/std-contract EP to SL = $0.0037 = -$370 Contract size to open = 27 standard contracts EP to TP = $0.0074 = +$740 Expected Result Commission Fee = -$133.38 Loss = -$9,990 Gain = +$19,980 Risk/Reward Ratio = 1.96
AShort
by SuppasitWechprasit
AUSTRALIAN DOLLAR FUTURES (MAR 2019), 1D, CMETrading Signal Long Position (EP) : 0.7015 Stop Loss (SL) : 0.6942 Take Profit (TP) : 0.7195 Description A6H2019 formed Double Repo Buy at 1d time frame. Trade setup with Buy Limit at 0.382 Level (0.7015) and place stop after 0.618 level (0.6942). Once the position was hit, place take profit before an agreement (0.7195) Money Management Money in portfolio : $280,000 Risk Management (1%) : $2,800 Position Sizing $0.0001 = +-$10/std-contract Commission fee = -$4.94/std-contract EP to SL = $0.01 = -$730 Contract size to open = 4 standard contracts EP to TP = $0.02 = +$1,800 Expected Result Commission Fee = -$19.76 Loss = -$2,920 Gain = +$7,200 Risk/Reward Ratio = 2.45
ALong
by SuppasitWechprasit
AUSTRALIAN DOLLAR FUTURES (MAR 2019), 1D, CMETrading Signal Long Position (EP) : 0.7025 Stop Loss (SL) : 0.6991 Take Profit (TP) : 0.7093 Description A6 formed Turtle Soup at 1d time frame. Trade setup with Buy Stop at 0.7025. Stop Loss at 0.6991. Take Profit at 0.7093 Money Management Money in portfolio : $280,000 Risk Management (1%) : $2,800 Position Sizing $0.0001 = +-$10/std-contract Commission fee = -$4.94/std-contract EP to SL = $0 = -$340 Contract size to open = 8 standard contracts EP to TP = $0.01 = +$680 Expected Result Commission Fee = -$39.52 Loss = -$2,720 Gain = +$5,440 Risk/Reward Ratio = 1.97
ALong
by SuppasitWechprasit