Just a potential quick trade here, We could have possible wave 3 down on a small time frame and maybe a chance to get a little bit of cash through the door. Please be aware the wave count is not perfect. I say this as I have started measuring not from the top of the wick, but more on the break of the pivot point. I did this as I didn't like the PA directly after the RBA meeting which was very false. This means this idea could be tainted by my own confirmation bias. However, I think that you can try and sell any sort of attempted squeeze on AUD with a stop above potential wave 2.
Be aware that Australian retail sales are released in about 5.5 hours from now, so covering/lightening position/tightening stops is a prudent course of action from a risk management point of view. I'm not in yet, but do have offers above waiting for the market to come to me
Be aware that Australian retail sales are released in about 5.5 hours from now, so covering/lightening position/tightening stops is a prudent course of action from a risk management point of view. I'm not in yet, but do have offers above waiting for the market to come to me
Trade aktif:
I have opened a small short on this latest move and will add a few more a little higher, but stop price remains the same. Be aware it's a pretty obvious target to squeeze it to, so this feels a bit 50/50 to me, but I am happy to have a try
Komentar:
I have a scratch stop now vs original profit target into Aus data
Trading ditutup: stop tercapai:
stopped on AUD data