I opened a short position Sunday evening at the 78.70 level, but was not able to post to tradingview.
Took this on the 4 hour chart with an oversold RSI confirmation
This is an update on the position
We have been moving well due to an impulsive move down , price is now consolidating on the long term trend line and forming a bearish flag. We are up about 40 pips.
This could be another opportunity to enter/ add to positions
* Be wary of AUD interest rate decisions tonight
Whispers are of the RBA to potentially attempt further easing down the line in the relatively near future
Could make for good longer term holds , especially on AUD/USD pairs with the FED looking to raise rates at some point
Took this on the 4 hour chart with an oversold RSI confirmation
This is an update on the position
We have been moving well due to an impulsive move down , price is now consolidating on the long term trend line and forming a bearish flag. We are up about 40 pips.
This could be another opportunity to enter/ add to positions
* Be wary of AUD interest rate decisions tonight
Whispers are of the RBA to potentially attempt further easing down the line in the relatively near future
Could make for good longer term holds , especially on AUD/USD pairs with the FED looking to raise rates at some point
Comment:
Target reached +100 or so pips
Discord/Indicators:
launchpass.com/jupiter/babylonians
launchpass.com/jupiter/babylonians
We have broken the trend line now, hopefully we get a close below it.