We have a nice setup in AUDUSD
, although of lower probability than the others I posted today, since the longer term trend signals on chart aren't confirmed yet. Interestingly, price bottomed at the June 24th's session low...rings a bell? We can extrapolate the signals from commodities
, to the ones in FX pairs, and take the daily chart
signals as an excuse to join this potential massive trades yet to be confirmed. Keep risk below 2% if you take it.
After the daily oscillators get overbought, we can trim the position, trail stops, or simply exit. But, since we speculate on this eventually confirming a higher timeframe uptrend signal, we'll only close half the position on a new daily low after CCI
goes above +100, and trail stops to entry on the rest of the position.