AUDUSD: Sell the breakout and blame China!

FX:AUDUSD   Australian Dollar / U.S. Dollar
873 8 24
I don't anticipate that we have a larger correction as of now, still more downside....this breakout should provide a good entry point for more shorts.
so get in around the .6825 area just below the wick or get in when the price action breaks your red trend line?
no, you should always wait for confirmation, it's not breaking down so if you jumped in without confirmation you would be in trouble now...
just curious, y blame china?lol
piphunters Arkateyah
they will move it down and later you will see in forex news websites: AUDUSD falls xxx pips due to bad/weaker Chinese GDP which was released today earlier. You know what I mean eh?
Arkateyah piphunters
i know China got a big economy so a bad news on China would affect other currencies as well. Anyways, i'll try to study about it.
Thanks, appreciate your explaination.
+1 Reply
Piet.Hein Arkateyah
China is the biggest Australia trade partner, most exporters from Australia go to China, so... you know the end of the history...
Ozayevable Arkateyah
when china farts, you can smell it in australia.
+1 Reply
piphunters Ozayevable
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