I am anticipating AUDUSD to rally after the RBA Monetary Policy Meeting and reach weekly pivot @ 72422 and coincidentally hitting Daily Projection high (58 pips). If the price goes there, I am looking for a Bearish Engulfing candle or Dark Cloud Cover and short AUDUSD. Target weekly projection low or 2:1. I am still seeing bearish AUD in spite of the current reaction of the policy meeting. Chine/US trade war pressured the AUD and I expect it will be so.
If you agree or disagree with my plan, post a comment below and we can discuss.
If you agree or disagree with my plan, post a comment below and we can discuss.
Trade active
Trade closed: target reached