FX:AUDCHF   Australian Dollar / Swiss Franc
lets see if we get a nice fall from here.
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Nope, we didn't get a fall from there. Most likely it will continue up...
@Helena_FX, It will move with stock market, SPX and DOW indices, as Trump accepting defeat, AUD will continue strong and CHF weak.
Helena_FX FxMarketStrategy
@FxMarketStrategy, Ok, if this is what you recon. This makes me curious about your view and analysis on EUR/AUD? What is your view on this pair? EUR has been falling for quite a few weeks now and it is way overdue to rise up, but if the AUD continues up vs CHF then the likelihood of EUR going up is minimal, but as I said it is way overdue. Let me know what your view is if you don't mind. Thanks.
If SPX up then USD index is down and EUR index is up, but also AUD index is up = this happens at VIX going down

IF we get VIX up, DXY up, EUR and AUD will go down. but AUD will be going down faster , so EURAUD will be heading north while EURUSD EURJPY heading south.

EURAUD, risky to buy now, especially after Trump accepted Biden, so Political stability followed by Congress approve huge stimulate package both will drive the VIX down to 10 and SPX to all times high, AUD NZD CAD will be in big demand while GOLD CHF JPY being sold off.

So, better to trade is safe EURAUD may continue down 300 pips easy, and this is accepted.

But watch out, end year may trigger profit taken, if this happens, AUD will be very weak, and EURAUD will rise sharply.

IF U stuck in EURAUD u can hedge it with EURNZD very correlated to each other. Best luck bro, hope this helps
Helena_FX FxMarketStrategy
@FxMarketStrategy, Thanks very much for this detailed information. Thumbs up and subscribed. The problem I've got is that I am -80% of my capital on this pair going Long (-350 pips so far) + GBP/USD going short (-400 pips so far here). So my worry is that I really don't know when to Buy or Sell to try to compensate for some of the negative balance because the margin level isn't good. If it goes down that much 300 pips and I do nothing in the meantime it will be the end for me. Any advice you can give me? Thank you.

P.S. No I don't use SL, I know, I know if I can manage to save this account then lesson learned for the future.
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