DislikedI'm holding my view on this as being a pullback. I can't see any reasoning for the picture to change but I am cautious of the market holding out for the G20.Ignored
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DislikedI'm holding my view on this as being a pullback. I can't see any reasoning for the picture to change but I am cautious of the market holding out for the G20.Ignored
Disliked{quote} So from fundamental analysis it's best to stay out for now?Ignored
DislikedTomorrow I am hoping to drop the first part of the revamping of the trading fundamentals section of the site. The first drop is news trading This will be followed by swing trading and then medium term trades that last months or more. I will drop it here also for anyone interested in learning the proper way to trade economic releases. This first drop explains the overall process, how and what to research and what makes a trade opportunity and how to manage it. This is my favourite form of fundamentals trading and another good one which is dead easy...Ignored
Disliked{quote} Thanks for doing that. Are you sharing it here or are you attaching it as a file?Ignored
I am seeing this as a potential pullback for a short but I am overly cautious of the G20 especially since Australia is so tightly coupled with the Chinese economy so any positive trade news will send AUD flying. So looking for a short term move within the range (20-30 pips) along the lines of the major fundamental picture.
edit: the market is expecting some resolution on trade at G20 which is driving sentiment, not fundamentals