Enter long UCAD ?

- | Joined Mar 2011 | Status: Trader | 385 Posts
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DislikedAU Commentary:
If looking for a possible trade that runs prior to the next LS, this would be a candidate.
Note that the LS trading activity increased thru the session as the price reduced. Possibly a measured selloff by the market. And note that when the price "got too low" the market pushed it back up on reducing volume! This is often a hallmark of pumping 'n dumping.
AU is a popular pair to trade during the asian session. And this one might setup for a short. There is a medium impact AUD release in less than four hours, which...Ignored
DislikedAU Commentary:
Just minutes to go to another release, and it is already giving up ground....Ignored
DislikedAU:
With less than an hour to FO, followed by LO an hour later, the market is re-pumping the price. These constant pumps could be a good sign that this is going down later. Very speculative/read the preceding posts. Might be worth watching for a Sonic R. M15 short. Drew possible PA wave forms. Ingored the spike down and back. BTW, that is most likely the first sign of serious selling today.Ignored