aiza_belle

AUDCHF Continue Buying

Long
FX:AUDCHF   Australian Dollar / Swiss Franc
But remain cautious esp regarding volatility from US-China trade talks.

Weekly:
Trade closed: stop reached

Comments

it will be an interestin pair to follow, I will be looking at this
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Adjusted my target and SL (probably not a good idea esp with upcoming AU's CPI and building permit figures, and also Chinese PMI. Best to manually close if you're trading short-term. I kept this position open because in higher timeframe charts (weekly and monthly), I still have strong conviction that AU pairs in general will recover within the year or so, despite my bias that its economy is stagnating like EU (https://www.nzherald.co.nz/business/news/article.cfm?c_id=3&%3Bobjectid=12252330) because I believe their trading partner (China) as well as gold (if recession indeed occurs https://www.express.co.uk/finance/city/1157542/us-recession-gold-investors-poll-2020-america-economy-recession-us-china-trade-war) will help AUD in general to stay afloat (https://www.etftrends.com/equity-etf-channel/recession-lower-rates-yields-recipe-for-gold-gains/).





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