I see, then you should be fine if you have good money management with reasonable s/l, but do not be so greedy when you catch the bounce up during a bearish movement

If 1H chart close below 0.90918, you need to be careful for your long.

I had a pending short order at 97.15 last week, fortunately, it was expired yesterday before the rally up. I am thinking about to place another short order at 98.45 with s/l at 99.05. I drew the line connect the daily chart high and it seems 98.45 ...

I think AUD/USD will be range between 0.9040-0.9140 for the next a few hours and with strong incentive to break 0.9040 to continue go down. It shows a bearish trend for both 1H and 4H charts. Any shorts above 0.91 have s/l at 0.9245 would be a good ...

You could wait for it go back to test 0.9145 (if it can reach there) and send a small short order to test. I am currently having a pending order to sell it at 0.9145. Stop loss at 0.9245, tp at 0.8875

97.65 is the next price move for USD/JPY, and then we may see a small retrace back.

If 4H closed below 0.9127, AUD/USD will back to bearish in the short term, may goes to 0.9040 and 0.8980. Otherwise long are still survive. My 4H chart shows a strong indication that 0.9127 could be broken, we should be patient to see how market ...

I think it is because AUD already pre-digest the rate cut for this week so when it just cut 0.25% it bounced up. Also there is no trend could be down forever, it is always back and forth, so even it is a downtrend in large picture, it is normal to ...

I think 97.15 is a good area to try short, with s/l at 97.75. and look down to 93.75 area.

The RBA statement may lead AU back to 0.9041 area and then it should still back to test 0.9136 with a possibility to break it this time or early next week, and then test 0.9300 to finish this correction I guess. However, if 4H closed below 0.90104, ...

If this time it can goes to 0.9300 area, it might be a broken and goes to 0.9660. So you could wait for it test 0.9300 2-3 times and when you see it drop back to 0.92XX area with broken 4H uptrend, then you can start to short it, that would be safer ...

I send a limit sell order at 1.3410 with s/l at 1.3450. Let's see if 1.3440 area can stop this EU up move

I am still waiting for a back test for 0.9040 area and stop at 0.8980, tp 0.9280 if 4H still shows the uptrend in this short-term.

Unless the 1H chart close below 0.90633, I do not think Bull will stop and bear needs to be very careful, 0.91236 would be vital point to determine if this correction can continue up to 0.93XX.

This may caused by BOJ that they decide to do nothing after the meeting. I think there are more fresh buys are build around 0.9035-40 area now.

USD index is also on a downtrend correction. So very possible

Yes, you are right, there are some correlation between JPY and AUD..

I think it's possible. The trade balance=export - import, so it is also possible to have a negative number. China's economy looked ok but actually it is as bad as China's national soccer team....

Yes, I agree with you, let's see how far it can go for this correction.

No, I think the real reason for the negative spike is because 0.9035 was former support and it became a weak resistance now, so it may need several times to try to break it, and some traders decide to close their long before the data released. The ...