DislikedOk, lets have a look at both sides for the time frame of 12+hrs (i don't scalp, only trade 1-3time a day and may hold for days)
Reasons for Short:
- Technically on the H4 chart its clearly on a down trend (may argue its at the bottom)
- Technically on the H1 charts it failed to reach the level pre- interest rate decision from TUE
- Technically on the Gold chart clear "decending triangles" on the H4 charts forming for the last 2 months
- Fundamentally - a failed RBA rate rise
- Fundamentally - Crappy retail data today
- Fundamentally -...Ignored
about the rumours of china selling out USD, where can i get the news?