... for a 1.76 credit.
Comments: Inverting further ... . Total credits collected of 11.65 on a now 10-wide inverted. Delta/theta 38.22/9.49. I don't particularly like that delta/theta metric, but am about as inverted as I want to go.
Safety in the bond market is at the very short end (as short rates rise, can reinvest at higher rates) and the very long end (rates should decline as economic news deteriorates due to stalled Chinese economy). Most risk is in the 10 year range.
Using Fibonacci Inversions, I found that there may be a false breakout of the AUDUSD where it is going to lightly break out of the higher low, but will dip down into the 161.8 (0.73967) area!
If I play this correctly it could be a good 1:7 short!
Good luck comrades! let me know what you think!
