what a beautiful day of trading follow the trend peeps its your friend made an incredible trade from .714 and just closed at .703 got enough to go on vacation now
Am i the only one who thinks this is worth a quick punt? Long AUDUSD, SL @ 0.7000 area, for a quick correction?
I know i should not be catching a falling knife but this looks like a decent set up for a quick one, especially with GDP numbers potentially giving it a little nudge.
RBA Stevens did said before it is ok for slower growth and it will be a norm. I guess market accept the 0.2% as the 'norm', hence the rebound.
Ignored
Rebound is also normal when price finds support (bear in mind we are at prices we haven't seen for 6+ years). Many sellers (myself included) would be reluctant to sell at the bottom. I'll happily wait for a decent rally and then sell - much higher probability trade.
Personally I've gone a small long at 7015 and will add at 6965 and lower.
