cfa

AUDUSD still at the BUY Zone and going into Magic Box (95% acc)

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD still at the BUY Zone and heading into the Magic Box Target area, around (90-95%) accuracy. Big guys still in our back and kicking some traders who put BUY position with stop loss. Before it goes into their way, they will eliminate first some traders who have SL. Solution to this is via hedging

Initial Target= 80pip+ 1st Target

Sample Big Guys:
1. UBS
2. JP Morgan
3. CITI Bank
4. HSBC

Who are these banks? They are just the big mover in FOREX, with lot of capital on their hand with no SL :-). Their AIM is to get retails traders out of the market although they know that their position are correct direction. It is just they dont have enough fund to accommodate these movers.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.