Shorting near 7750-75 stops @ 7800 makes considerably more sense. Just my 2 cents. Trade you have egy, but make sure you have a stop loss.
Shorting near 7750-75 stops @ 7800 makes considerably more sense. Just my 2 cents. Trade you have egy, but make sure you have a stop loss.
Looks like it's turning more bullish
risky to go brief above 0.768/0.77
ModifiedOriginally Posted by ;
SL: 0.77463
TP: 0.76049
Entered long position from 0.77
stop 0.76
target 0.775, 0.80
likely dumb to trade prior to Christmas
No worries mate, going well
Imho, price Could be capped in 7730 for Today
I'll be exiting my transactions at approximately 7730-7740. Strong resistance over there.
I am not so certain if this really is going too far yet. AUD is absolutely overbought. I still can see a correction to 0.75x zone happening. But perhaps not.
Because of that, I am not carrying any long until I see an adequate correction.
The same to get NZD, correction to around 0.6920 zone.
It is very true lot of times AUD and NZD go up straightly with no corrections, only pauses.
Let us see, since USD is getting weaker.
Closing in on very important overhead resistance (7750). That is why I recommended to wait for a better short trade arrangement. It's likely coming up next week, and the timing is also perfect for a fashion change - end of month. New phase, new trend.
Will begin scaling into shorts as we near 7750. First PT is 7500, will not get there overnight, this trade will take some time.
There is a possibility that it is going to go down.
But nearby there is support, which can be a springboard north west.
This really is a issue.
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