AUDUSD: At the crossroads
I'm monitoring AUDUSD to enter a long trade today if possible.
After today's close, and before the RBA minutes come out, I'll be entering pending orders, and sharing them here.
The outlook is bearish for the dollar mostly, and if we have evidence of the Fed delaying hikes until next year (which we did today), I think we can expect a continued rallying in risk on assets, one being AUDUSD, NZDUSD and Gold (yes, paper gold implies risk as well, and has been correlated to the Dow and S&P lately).
For more information and insights into managing this position, scaling in, and understanding the logic behind the technical setups contact me via pm. I'm currently hosting a skype group, where I share trade setups and also provide traders with training, as well as 2 private webinars per week, and also giving tutoring via skype calls, on a one on one basis.
See the GBPAUD idea for an example of the kind of work that I do.
Cheers,
Ivan Labrie
Time at Mode FX
After today's close, and before the RBA minutes come out, I'll be entering pending orders, and sharing them here.
The outlook is bearish for the dollar mostly, and if we have evidence of the Fed delaying hikes until next year (which we did today), I think we can expect a continued rallying in risk on assets, one being AUDUSD, NZDUSD and Gold (yes, paper gold implies risk as well, and has been correlated to the Dow and S&P lately).
For more information and insights into managing this position, scaling in, and understanding the logic behind the technical setups contact me via pm. I'm currently hosting a skype group, where I share trade setups and also provide traders with training, as well as 2 private webinars per week, and also giving tutoring via skype calls, on a one on one basis.
See the GBPAUD idea for an example of the kind of work that I do.
Cheers,
Ivan Labrie
Time at Mode FX
Comment:
Following path.
