piphunters
Short

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?
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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...
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just curious, y blame china?lol
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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?
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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...
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Ozayevable Arkateyah
when china farts, you can smell it in australia.
+1 Reply
piphunters Ozayevable
right!
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