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teckno05
May 20, 2019 1:08 AM

AUD/USD Weekly Potential bounce $FXA Long

Australian Dollar/U.S. DollarFXCM

Description

I don't trade much Forex but this looks like a good buy for a trade that can last a few months. I also see Australia just had an election this weekend so that could have an effect on a reversal. The time bars are to see how long the price can hang out at a level before it takes off. In terms of options there's an ETF FXA that has extremely cheep long term options right now that follows the AUD exactly. December $73 calls look good.

Trade active

Too choppy to play this with leverage, I'm holding onto my FXA Calls that range from July/December. Currently in profit.
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