Following Monday’s price action, turning into a buyer on dips makes more sense now. On the downside, and barring any major surprise by the RBA minutes (unlikely to sound too dovish given recent statements), first buy area stands circa .9070, with two parallel upper trendline (inner/outer) potentially potentially adding confluence. Another buy area is .9040/50 ...
Trading environment continues to be challenging, requiring being extra picky to chose areas to trade off and act quick on taking profits, not expecting big runners until picture clears up.
Trading environment continues to be challenging, requiring being extra picky to chose areas to trade off and act quick on taking profits, not expecting big runners until picture clears up.
