jarthoben
Short

Waiting for the inevitable

FX:AUDUSD   Australian Dollar/U.S. Dollar
52 2 0
Inflection point... check
Big US data... check
Gold             sell-off... check
USDCNH             going haywire... check
Chinese economy contracting... check
US economy expanding... check

What is everyone waiting for???
Knowing the direction doesn't matter! Trading at inflection points with risk management allows you to ride the wave either way!

In a descending triangle, go short looking for a breach to new lows. If the descending triangle fails, go long.

Perhaps simplistic, but why complicate things?
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Yes, we are at an inflaction point, I agree, but which way it is going to go - that's still unclear to me...
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