Here is how I am trading the AUD/USD in the week ahead,
Inserted Video
EUR/USD, AUD/USD, and CAD/USD ready to move up 2 replies
EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 14 replies
Anyone here trading AUD/USD or USD/AUD tonight regarding AUS Home Loan Report? 1 reply
The AUD/USD 1.00 EUR/AUD 1.60 GBP/AUD 2.00 Thread! 0 replies
AUD Trade Balance and AUD Retail sales 6 replies
Disliked{quote} Hi Spirit4eva, I am not implying a reversal; instead, I directly showed a target in my AUD/USD analysis (the D point, you can set TP in middle of 127.2 of butterfly and 161.8 of ABCD; there is a gap of mere 5.0 pips). After the trade accomplishes at D, I may look for sell entry because butterfly is supposed to be a bearish pattern, which I will determined by my technical and fundamental analysis later. Now, I cannot say what happens after D, may be another bull...Ignored
Dislikedthere couldn't be a better news for AUD than the one that just came out a few minutes ago from china's commerce minister. there is literally no reason for AUDUSD not to touch .7. I have opened positions at .6889 as the price is hanging in there for a while to deal with the resistance at .6893. my sell limits on EURAUD at 1.6110 were hit a few hours ago and they are now in good profit, but I see much larger downward potential. my TP at the time is 1.5925. All SLs and TPs are subject to change as the market is subject to change.Ignored
DislikedAll in short here, just can't believe this goes any higher. This has gone down after every good trade deal news, this will be no different.Ignored
DislikedAll in short here, just can't believe this goes any higher. This has gone down after every good trade deal news, this will be no different.Ignored
Dislikedthink about it guys, aud is at its historical lows, and the only thing that gunna happen for the us-china negotiations is a deal, which is good for Aussie, or no deal, which makes no difference for Aussie since the trade war is already priced in the currency. not to mention the recent economic data which are all weighing towards AUD. in my opinion, longing AUD for short-term is the best value investing possible. it's like buying a share when it's so much underpriced and then wait until it diverge to its intrinsic value.Ignored