Shorting mini AUD futures tonight. Stop loss is now my entry so nothing to lose other than commissions and fees.
When price changes we need to change with it and tune ourselves in to what are they doing? In this case, buyers are making HH/HL's. In my previous post i was anticipating an expansion of price into the major. Order moved into the swap of the minor pivot
Happening live right now. Trying to short AUD. Will either lose $20 or make $40.
For a while recently the Aussie dollar has been tracking the US dollar price of oil. While the correlation is by no means permanent, we've seen both receding recently. AUD/USD's DI- has been approaching a convergence with DI+, and traders may wish to short this pair when the negative indicator crosses higher.
M6A/ AUDUSD completed the reciprocal AB=CD Pattern. Expect a reversal around the marked area and target the previous highs or a possible a new higher high.
In this publication I show a drawn up trade that is currently open on my account. I use the principles of price action, where price is in extremes through expansion and contraction. NO squiggyly lines just pure price action is quite simple and beautiful. To me it is an art form being in touch with the charts ebbs and flows. Before every trade I practice a...
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...
Looking on the short side given global economic conditions and Australia's first recession in a few decades.
will keep going up! buyer stay buyer or take advantage and wait for another strong signal
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.