Early this morning we received the AUD interest rate and that started the selloff on AUDUSD.
According to our analyst this, rate is positive for the AUD so why are we getting a sell-off.
We've concluded that this is a psychological move and we're taking this as a discount especially as we approach the low of the previous week.
We have a wide stop loss and we are aware of the risks involved in catching a falling knife.
We are also aware of the rewards of anticipation trades so this is a buy for us.
This is purely fundamental S&R trade and we take this as our daily, weekly, and hopefully our monthly low.
Trade safely.
Like & follow for more.
Have a lovely day
According to our analyst this, rate is positive for the AUD so why are we getting a sell-off.
We've concluded that this is a psychological move and we're taking this as a discount especially as we approach the low of the previous week.
We have a wide stop loss and we are aware of the risks involved in catching a falling knife.
We are also aware of the rewards of anticipation trades so this is a buy for us.
This is purely fundamental S&R trade and we take this as our daily, weekly, and hopefully our monthly low.
Trade safely.
Like & follow for more.
Have a lovely day