Stock market recovery trade. Nearly 5 to 1 RR or more with scaling-in
Short AUD on bearish fundamentals and break below the weekly Bollinger Band
Bearish engulfing off major resistance. On the lower time frames a triple top has formed
Double top with bearish engulfing candle off major monthly resistance
Key reversal week, a double bottom of sorts on lower timeframes. Divergent monetary policy.
Resistance was traded though and reversed. Minor near-term double top and a bearish candlestick pattern
Bearish engulfing off minor resistance in a bear normal market type. Small position only coming into the UK election week.
Bearish candlestick formation and price has closed back inside the range. Fundamentally long-term bearish AUD and bullish USD.
We had somewhat of a fundamental catalyst today with further Swiss National Bank announced the negative rate changed for sight deposits will be applicable to most institutions that were previously exempt. While this is not as bullish as the market may have taken it to be, combined with technical factors, it merits a position. Prefer a scale-in approach.
The kiwi shrugged off what should have been good news with the RRR cut in china and formed a bearish engulfing pattern.