Hardly trade this pair but with all thats happening fundamentally, i see risk assset currencies like the AUD getting weaker on a broader scale... will patiently wait for price to meet my final check list before executing this trade.
All we need now is a negative catalyst... everyone seems excited about this new vaccine..hmmmm lets see how this plays out... currently waiting for price to speak to me before i make any move... trade safe!!
Trading is boring... but i guess sitting on your hands is the best way to make money cos i have sure had a taste of not being patient. the end results is very bitter and painful. lets wait patiently and see what this index has going forward
Election is clear
100 billion stimulus in Australia
price above key level
excepting more risk on on multiple assets such as dow, nzd aud eur.
lets see how this will build up in coming days.
Risk still capped under 1% considering theres room for extra volatility.