BUT, here's another reason to go short. Yet, 2 things keep me uneasy with this .9200 area Retail traders, including lots of posts for short positions on TView, are already short. Sites where retail traders report their positions have proven rather good contrary indicators in the recent 6/12 months and Aussie tops the list. forexfactory.com/trades.php Additionally, RSI is just barely showing divergence. It would not surprise me if the Aussie came up just slightly short of entry targets-backed off 20 pips and then Blasted Through the .9200. Squeezed out all the shorts and then started dropping like a rock (Or it could just correct higher) Let the test begin ~~~~~~~~ tradingview.com/v/CpnLVFW2/
Comments
dojitrader
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Although not quite as I had anticipated, it looks like the short squeeze is ON.
Standing aside, for now, on both AudUsd and AusCad until the storm calms
and the clouds clear enough to see what's actually going on.
Joaoalbuquerque
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absolutely agree with you... trap is on... now question will be... how deep will be the correction...
Standing aside, for now, on both AudUsd and AusCad until the storm calms
and the clouds clear enough to see what's actually going on.