Opening the August 2020 session, NZ/Sydney open, slight rally.
(Last Friday NY close sees Bearish Daily candle close for Majors.)
I placed shorts now at Sydney hours, rather than wait 2 more hours for Tokyo/Singapore/Shanghai.
The risk is that, Tokyo/Shanghai may push for more rally to make me nervous, or worse, to continue up-trend.
AUDUSD, 0.7146, aiming for 0.7115 and 0.7075. Target is conservative, well within daily ranges, respecting possible small rising channel, and just before combi of 11Jun2020 peak and 24July buttom. (see blue line). Price might bounce at these points. (And had also short in the same manner for NZD and EUR)
(Last Friday NY close sees Bearish Daily candle close for Majors.)
I placed shorts now at Sydney hours, rather than wait 2 more hours for Tokyo/Singapore/Shanghai.
The risk is that, Tokyo/Shanghai may push for more rally to make me nervous, or worse, to continue up-trend.
AUDUSD, 0.7146, aiming for 0.7115 and 0.7075. Target is conservative, well within daily ranges, respecting possible small rising channel, and just before combi of 11Jun2020 peak and 24July buttom. (see blue line). Price might bounce at these points. (And had also short in the same manner for NZD and EUR)