Expecting another leg down for the Aussie dollar
- The Westpac Consumer Confidence released by the Faculty of Economics and Commerce Melbourne Institute dropped to -4.8% in March (Previously 4.3% in February).
- On a technical level, the pair just bounced off a major daily S/R level before heading down. We are currently shorting the pair after a small pullback and a rejection of the 0.5 Fib level.
- Entry: 0.70653
- SL: 0.70800
- TP: 0.70287
I will start posting trades as a way to build a personal journal. You should always do your own analysis before entering a trade.
- On a technical level, the pair just bounced off a major daily S/R level before heading down. We are currently shorting the pair after a small pullback and a rejection of the 0.5 Fib level.
- Entry: 0.70653
- SL: 0.70800
- TP: 0.70287
I will start posting trades as a way to build a personal journal. You should always do your own analysis before entering a trade.
Comment:
Half of position closed: USD weakness is limiting AUD downside.
Comment:
Other half closed: Hit SL.