don't really trade this pair much, had bad experaince when it comes to RBA. therefore i will wait on friday 00.30 to strike.
However if i see h4 candle or daily support being broken & close H4 i may take this trade.
US30: 30.10.19: TRADE IDEA : SHORT
OVERALL IT IS MORE PROBABLE TO TAKE A SHORT WITH A BETTER RR, FUNDAMENTALLY & TING. SO I WILL JUST BE LOOKING FOR SHORTS. CBA WITH LONGS BECUZ WILL BE LOOKING AT OTHER PAIRS.
HOW TO TRADE THIS:
At 18.00 we have the interest rate decision. If the rate is low US30 will rally & will look at the h4 Resistance to create a triple...
BULLISH VALIDATION: +strong US data +trade relief +good company earnings & performance
BEARISH VALIDATION: -weak data -trade tensions - geo political
Price is around strong HTF resistance. Strong seller zone around 271 & 272. (create the weekly wick)
Along with fundamental validation will be anticipating and IMPULSIVE move down....
-global weak data - brexit - trade war tensions (china buy 20bn instead of 50bn agriculture, Russia support china, middle east tensions on oil, eu)+ weak usd (nfp, slow job growth, employment)-us30 to take a dip.
-brexit resolution, trade war relief of SIGNITURES, strong data
premium buy orders around 1488 &...