FUNDAS - The RBA is due to release its cash rate statement on Tuesday Morning and the bullish action leading up to it shows how traders are positioning.
Techs - Bulls are jumping in on every dip to 7500. I think we see 7680-7700 this week and I will be looking for a long on a test of 0.7550 or any bullish action approaching the 7600 level and above with a stop below 0.7500 (or higher depending on the action). As long as i can get decent r/r on it.
Happy Trading!
Techs - Bulls are jumping in on every dip to 7500. I think we see 7680-7700 this week and I will be looking for a long on a test of 0.7550 or any bullish action approaching the 7600 level and above with a stop below 0.7500 (or higher depending on the action). As long as i can get decent r/r on it.
Happy Trading!