Looks like a nice area to short, to at least the previous bottom (0.6890's target)
----THIS IS MORE FAVOURABLE FOR INTRADAY TRADERS- This is because we are nearing target, and is more advisable to trade on a lower time frame to protect capital.----
There may be a pullback higher first (A very brief pullback) before we see the opportunity desired, to get in short. But it could plummet straight away, no way of knowing. Best to watch and let the chart tell you when to get in this properly.
Best of luck with your trading, Tom
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Comments
IvanLabrie
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My target for it.
IvanLabrie
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Also, I bet house on gap down open.
Cheers.
IvanLabrie
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Cha-ching.
moorekapital
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Are you a magician?
IvanLabrie
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No, just checked the China news haha.
moorekapital
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Good news for holders of AUD shorts then. However, GBPAUD might delay the fall in this wise ;)
IvanLabrie
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Yes and no...which is weaker aud or gbp?
TomProTrader
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I owe you my house, which one you want?
Lol joke.
IvanLabrie
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This...so much.
And AUDUSD; had a counter long after your take heed level.
Good, good.
TomProTrader
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I like pullbacks in exuberant shorting, it's literally free money.
My target for it.