When the real economy hit markets, commodity curencies will fall

Hi Traders, this is my plan for this pair, if the all conditions will be met I will enter (or might not). Make sure you follow me all updates will be shared here from opening until the close of the trade. Don´t hesitate to comment with any questions and hit like for the support.

Reason: AUD is the risk currency and is very much dependent on the world trade with their business partner China which is not in good conditions now.

USD even the weak NFP data or unlimited QE will not make it weak in the current world situation its reserve currency which will most likely strengthen in time like we face now.

Technical: Price is in the Supply zone , volume is decreasing on the up move, wave 4 is finished. I think its ready to go down. upper band of the ascending corrective channel.

FX Hunter Strategy is based on mainly watching the big picture of overall world economy and dividing the FX pairs in to couple baskets.Following the volume of big players ( COT by CFTC) and tick volume helps to see what the market movers are doing. Parallel channels, Supply / Demand and Market Profile are used to determine levels of interest for the trading. Slight usage of Elliot waves for the market structure.

Trade active:

Trade active on Sell Stop