INDEX:XGY0   Shanghai Class A Index
46 0 3
Yesterday we said that unless the Shanghai Composite             is showing another major down day, the Aussie won't break lower.

Wednesday, the Shanghai Composite             1% lower but this was certainly not enough to start a new bearish trend wave. The Shanghai Composite             is still above its support level at 2983. As long as this holds, there is no reason to short the Aussie.

It's not often that such obvious connections exist. Make sure to use it to your advantage and don't sell prematurely. Wait for the confirmed breakdown in Shanghai to get on the train of a high probability trade. Currently, all premature short positions are in a squeeze which is totally unnecessary.
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out