This is a good setup to sell the AUD vs the USD.
We have the 9 candle inflection and the next candle is trading lower early and even before European exchanges open.
BE WEARY because there's key macro data coming out on Wednesday (14 November) from both Australia and China that can lead to a lot of volatility in any AUD pairs.
Your stop is above 0.7308 and targeting a limit just below 0.71
We have the 9 candle inflection and the next candle is trading lower early and even before European exchanges open.
BE WEARY because there's key macro data coming out on Wednesday (14 November) from both Australia and China that can lead to a lot of volatility in any AUD pairs.
Your stop is above 0.7308 and targeting a limit just below 0.71
Trade closed: stop reached:
Stopped out 1R. AUD and NZD had strong reversals on news China tariffs were going to be eased (positive for trade and therefore the antipodes).