FX_IDC:AUDUSD   Australian Dollar/U.S. Dollar
I'm monitoring AUDUSD             to enter a long trade today if possible.
After today's close, and before the RBA minutes come out, I'll be entering pending orders, and sharing them here.
The outlook is bearish for the dollar mostly, and if we have evidence of the Fed delaying hikes until next year (which we did today), I think we can expect a continued rallying in risk on assets, one being AUDUSD             , NZDUSD             and Gold             (yes, paper gold             implies risk as well, and has been correlated to the Dow and S&P             lately).

For more information and insights into managing this position, scaling in, and understanding the logic behind the technical setups contact me via pm. I'm currently hosting a skype group, where I share trade setups and also provide traders with training, as well as 2 private webinars per week, and also giving tutoring via skype calls, on a one on one basis.
See the GBPAUD             idea for an example of the kind of work that I do.

Cheers,

Ivan Labrie
Time at Mode FX
Comment: Following path.
Thanks. I'm going to study this chart very well.
+1 Reply
I see more of a channel (connecting a - c and b - d) with the high around 0.75 - this if it is doing the WXYXZ ?
but I see more that it is doing and ABC move (done) , a 5 wave move down, before a bigger move down :)
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IvanLabrie PRO VivaciousVV
Recent move down has overlap and too steep retrace, it's not 1-2-3-4-5 impulse down. (per neowave at least it isn't)
I'm cautiously bullish here, need evidence of a rally.
Copper looks bearish overall, but it could turn around.
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