- #102,345
- Edited 8:45am Aug 8, 2017 8:32am | Edited 8:45am
- Joined Aug 2013 | Status: Trader | 4,902 Posts
Not likely anything will be decided until the US inflation print comes out later this week, although I wouldn't be surprised to see a break lower with a test of 7875.
In the meantime, every Aussie rally looks like and 80 year old erection, completely impotent. Every lower high on the 4H is met with strong bearish candles.
Earlier today, FOMC member comes out and says no rate hikes needed in the immediate future. Aussie NAB business confidence comes in better than expected, and yet no Aussie rally, why? Because, the risk is to the downside and it's not likely the big players want to commit long before the the US inflation print.
,
4H range getting tighter, just a matter of time.......still holding short from 8000-8040
Good luck and trade safe
In the meantime, every Aussie rally looks like and 80 year old erection, completely impotent. Every lower high on the 4H is met with strong bearish candles.
Earlier today, FOMC member comes out and says no rate hikes needed in the immediate future. Aussie NAB business confidence comes in better than expected, and yet no Aussie rally, why? Because, the risk is to the downside and it's not likely the big players want to commit long before the the US inflation print.
,
4H range getting tighter, just a matter of time.......still holding short from 8000-8040
Good luck and trade safe
Pride always comes before destruction.... -Proverbs 16:18
- #102,347
- Aug 8, 2017 9:21am Aug 8, 2017 9:21am
- | Membership Revoked | Joined Mar 2017 | 2,260 Posts
if you my trade,My-post analysis, subscribed to ME
- #102,357
- Aug 8, 2017 8:45pm Aug 8, 2017 8:45pm
- Joined Oct 2012 | Status: Trader | 2,501 Posts
Trade what you see, take what the market gives you.
