Quick fire AUD short

Just a potential quick trade here, We could have possible wave 3 down on a small time frame and maybe a chance to get a little bit of cash through the door. Please be aware the wave count is not perfect. I say this as I have started measuring not from the top of the wick, but more on the break of the pivot point. I did this as I didn't like the PA directly after the RBA meeting which was very false. This means this idea could be tainted by my own confirmation bias. However, I think that you can try and sell any sort of attempted squeeze on AUD with a stop above potential wave 2.

Be aware that Australian retail sales are released in about 5.5 hours from now, so covering/lightening position/tightening stops is a prudent course of action from a risk management point of view. I'm not in yet, but do have offers above waiting for the market to come to me

Trade active:

I have opened a small short on this latest move and will add a few more a little higher, but stop price remains the same. Be aware it's a pretty obvious target to squeeze it to, so this feels a bit 50/50 to me, but I am happy to have a try

Comment:

I have a scratch stop now vs original profit target into Aus data

Trade closed: stop reached:

stopped on AUD data