MICRO AUD/USD FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT)

M6A1! CME_MINI

Frank_Drago

Australian dollar /United stase dollar future contract is trading in a Big Rising Wedge, I thinkit will be broken and price might fall. We can clearly see a divergence between ON BALANCE VOLUME and PRICE. Fundamentally AUD is going upthese days due to Optimism about a Covid-vaccine and a V -shape recovery in international indices. However there are still high...

wstander

Looking on the short side given global economic conditions and Australia's first recession in a few decades.

houssamali5

will keep going up! buyer stay buyer or take advantage and wait for another strong signal

dseeley

Short M6A at 0.6633. Stop/Loss: 0.6650 Target: 0.6139 Move S/L to break even at 0.6466. Move S/L to 0.6466 at 0.6303.

TradingThePhi

This is futures, not spot pricing. Please see the other chart (link below) for the larger view. So far this has worked perfectly. Still want to see .78 before the large short, but we may fail short of it.

TradingThePhi

.7750 - .78 is a great sell.