*Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to...
Aud / Usd executed well. can we sell now?
if you see my previous analysis history
The price respects the trendline well, with the price falling again when it hits the trendline resistance.
On its way, the price has broken through the validation line to sell, I will run this trading plan, with an invalid limit at...
The currency pair AUD/CAD has many reasons to sell.
1. We have a day candle that closes very close to its lowest level!
2. The 4 hour chart has reached 61.8 Fibo!
3. And At one hour we have a wedge correction at levels around 38.2 Fibo
from last down move.
What do you think?
this has hit the 0.618 fib retracement
personally will watch this closely as
it might retrace to about 0.382. i am
expecting this to drop. once it breaks
the blue line, should hit the 1.618 fib
like, follow and comment :)
see previous chats especially the weekly one too
Fundamentals:- Although the economy has been improving lately, employment is a concern for the RBA and we are due those figures out this week. Another rate hike is looming from the USD and the deviance of the last NFP shows that the markets are still willing to invest heavily into the the dollar. With the RBA rate statement shedding more light on the Australian...
Fundamentals: - The Australian economy has continued to show strength certainly more so than its counter country New Zealand. Although the commodity prices figure has shown growth in the past year we are still in negative growth. The Caixin Manufacturing PMI in China came out better than expected but the high wage growth shown in the NFP on Friday should dampen...
After mixed data from China this morning and Oil looking like a further drop is on the cards I would expect the Aussie the pare all its gains from last week which was mainly due to the recovery in Oil. We do have the RBA rate statment out tomorrow morning so I will be looking to lock in any profit with a break even stop loss before the rate staement is released....