One must take a stand ahead of the FOMC and my bet is that we will see a correction down to the 83 area. However, I have been wrong a few times now since so much data have been disregarded lately such as the latest NFP . Lets see
I like how the current resistance level lines up with the one from July this year which caused a good pullback. My bet is that we will see it happen again
I post this one for the record since I posted a longer term tade on this pair a few days ago. Got stopped out and re-entered
This trade is related to the longer term trade idea I have for this pair. I like when seeing possible trades that goes hand in hand on several time frames which enables several profit taking levels.
Longer term trade but I think that the Kiwi dont have that much going for itself to be able to push the Aussie beyond this support level. Also have a short term trade for this pair that I will post. This one however might provide several TPs to lock in profits over time. I m going for it )
On the watchlist - Wave 4 may already be complete as you can see by the current candle ie. wave 5 in progress. Will trade this on a lower time frame
This one tend to correlate with the EURAUD. Just as good Reward to risk (well in fact even bettter) good price now for a longer trade but one gotta go for the good price instead.
Euro reach typical wave C on the 4 hour chart and are also getting closer to being overbougth on the daily chart. Valid trade for me with a possible reward being 9 times the risk.