ridethepig

Risk off for earnings season

Short
ridethepig Updated   
FOREXCOM:AUDJPY   Australian Dollar / Japanese Yen
=> Here we are expressing a bearish view for earnings season next week via shorting AUDJPY.
=> After Apple missing badly, rightfully we should be concerned for the week ahead. There are many ingredients now in the pot cooking for the economic slowdown and here we can isolate Australia as the domestic story remains bearish.
=> The technical side of this trade is simple. Here we are selling resistance with targets at the middle of the range.
=> Good luck all those in live
Trade closed: stop reached

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