Awhoooooooooooooooooooooooooooo!
Are you ready for a trip to the Green moon? Yes?! Fantastic!
Slap on your calls and give yourself plenty of margin room for choppy water, this ride may be very bumpy!
However I firmly stick by my view and trade that i am holding long for the next couple of weeks here.
It's long until it isn't! ;)
Lost the first trade set up today.
Back in for more. Relatively certain once the eco news hits my analysis will shine through.
50k lot. Lines as before. Wish me some success! :)
G'Day this is whats happening with AUDUSD right now. So take it and shove it up your bloomberg terminal ;)
We are going to lower and cross over the central fork line.
Then we are going to mess around in the lower green sector.
We will then move like a boring static snake slowly lower down into bottom purple fork territory.
Come and make some profit with me :)
Long term outlook very bleak for the once relatively strong AUD.
It's been a tough two years on the Australian currency. With a very wobbly gold price dictating the nerves and a phenomenally crucial period of USD relative strength the AUD is suffering without a doubt.
Using a simple fib based regression trend analysis along with a modified pitchfork that ties...
A nice profitable LONG short term set of scalps now accomplished, it's time to start shorting the bitch.
End of the day with a daily range of nasty events and a growing instability for commerce, international relations, migration and future trade deals it's very simple to my eyes that we will be falling off further until we see some monster changes.
Best...
