Take Long for AUDUSD,
SL 0.68161
TP 0.70784
SL 0.68161
TP 0.70784
Comment:
H4 Double Bottom,with a bullish engulfing Long
Trade closed: stop reached:
Setup Just failed AUD/USD tumbles to 7-month lows under 0.6800 after Trump announces more tariffs
The AUD/USD pair tumbled following Trump’s announcement of more tariffs to China. It fell from 0.6867 to 0.6793 reaching the lowest intraday level since the January “flash crash”.
US President Trump said the US would place a 10% tariff on $300bn of additional Chinese goods since September 1st. The move represents an escalation of the trade war between the US and China.
Wall Street tumbled after the announcement and US yields move further to the downside. Crude oil collapsed, down now more than 7% and gold jumped toward $1440, up $40 from the daily low.
The AUD/USD pair tumbled following Trump’s announcement of more tariffs to China. It fell from 0.6867 to 0.6793 reaching the lowest intraday level since the January “flash crash”.
US President Trump said the US would place a 10% tariff on $300bn of additional Chinese goods since September 1st. The move represents an escalation of the trade war between the US and China.
Wall Street tumbled after the announcement and US yields move further to the downside. Crude oil collapsed, down now more than 7% and gold jumped toward $1440, up $40 from the daily low.
Comment:
The DownTrend drawn was respected in technical terms
Trade closed: stop reached:
Note that Market Sentiments can only be broken by Major News such as the one we just experienced