FX:AUDUSD   Australian Dollar / U.S. Dollar
351 4 0
Hammer posted for Aussie. Bears still trying to overrun with heavy selling above 0.9500. IMM spec short positioning at historical extreme. Expect push towards KS short term before losing momentum and turning bearish once more. Small long position taken due to risk to return favoring the short term buy side. Aussie employment numbers could be a hindrance but for the past 2 years majority of Aussie employment releases - good or bad have resulted in AUDUSD             closing higher on the daily.
I have trailed stop on live position to 0.9540 expecting some consolidation in predicted rally. Expecting a bounce off of TS and push higher. Should the TS fail to hold any downside move the stop will be triggered for approx 60 points profit
IMHO very risky entry at this stage. should give a re-test to the bottoms at least before reversing. trend line is not broken as yet either
Looking for an entry.

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