Daily Trading Ideas

This EU still fighting at the monthly open. If I get a double bottom here I'll go long

So far no buy setup yet... Does not look good for the bulls

my m15 forming a setup but i want more lower from Eu before risk some long to play..️

almost fell asleep again
️

yeah you just reminded me to get coffee

Give me new low first
i actually short again at 1075 tp 1050 and 1000 tight stop loss

2019.08.20 #AUDUSD #news #forex #followme
The Australian dollar fell in yesterday's Trading, almost touching the resistance point of 0.6800 at 0.6795. After a tumultuous last week, the AUD is expected to see further volatility with the release of the RBA monetary policy meeting minutes tomorrow midday.
Released 11 times a year, the minutes are a detailed record of the #ReserveBank Board’s most recent meeting. It will provide in-depth insights into the economic conditions that influenced their decision on where to set interest rates.
The #AUDUSD is at 0.6780 nearly. Traders are betting on the Euro to #fall through the psychological level of $1.10 this month as the #ECB prepares a stimulus package amidst the recent global economic downturn. Policy maker Olli Rehn said the package would be “impactful and significant” and would be better for the bank to overshoot than undershoot market expectations.
Furthermore, we can expect to see further short-term volatility as the US-China #TradeWar continues to develop. The temporary license granted to Huawei by the US Commerce department is due to expire today, with expectations that they will extend it another 90 days permitting the Chinese firm to continue to purchase supplies from US companies.
The #EconomicPolicySymposium will be held in Jackson Hole, Wyoming this upcoming Saturday. Attended by central bankers, finance ministers, academics and financial market participants from around the world, Federal Reserve Chair Jerome Powell’s speech is the highlight of the day as they look for signals of further #RateCuts.
Expected Ranges
AUD/USD: 0.6715 - 0.6820

careful bud..
you play short at lower price there ️

Yes buddy
my eye keep on chart now
and see how it play coming few hour bfr NY

Gu m30 n Eu m15 both have bulls setup
extra careful who short ️

now at cafe
coffee is needed
️

Why did someone just shorted at EU area of support? Monthly open is strong support/resistance areas

Weekly, daily, monthly open areas are support/resistance areas. Sometimes stronger than pivots It's battle zone who gets to control the close of the bar.

I also have a setup on EU/GU but haven't taken them yet I'm waiting for a double bottom. Just to be on the safer side.

See this GU reversed at the touch of monthly open. Now EU is at same area. Either big down from here or back up for EU. So I'm watching it closely.

Hi Akim mate, Gold M15 short setup. Is it valid? Or have to wait?

Cheers

By the way the short setup on this H4 is not valid. It's broken support but at low volume. So it's not yet valid. It can work but I wouldn't trade the breakout.

setup is there
but valid or not can’t tell mate
bulls keep attack for now ️

same mate..
just watch it from sideline ️

OK then.... I'll wait for H1 setup

Thanks mate

GD all

Gold bulls are back!
Picked up 50 pips so nice start to the day - just hope Uncle Donald doesn't spoil things!!

dxy head down for now ️