FX:AUDUSD   Australian Dollar / U.S. Dollar
Setting up buy stop order just few pips above this week's high near 0.68 (would prefer buy limit near 0.67 instead, but since AU's seasonality for this month is generally bearish , I don't wanna risk a huge drawdown up to 0.60).

Weekly:


Confidence: C (this idea is against this month's seasonality bias and DXY going up to 100 if ever; also uncertain risks regarding China; this just serves as hedge to some high risk trades - shorting BTCUSD & USDZAR )
Trade closed manually: Taking advantage of this recovery now before DXY goes up to 100 after Fed rate cut next week.

Comments

If DXY starts recovering too soon,this might actually go ranging between 0.67-0.68 between now and next week, ugh.

https://www.fxstreet.com/news/aud-usd-inches-higher-toward-068-despite-decisive-usd-recovery-201908061254
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