RBA Less Dovish & Smell the risk on sentiment ..........

Okay so this is a good one , Based on the RBA statement and USD/JPY powering higher and reclaiming good levels, there seems to be a strong risk on sentiment right now, so I don't see this going down anytime soon .
I wanna wait to see what kind of reaction we get off the 0.5 fib line, as by rights it should hit it and power on through over the next few days ........

Stay tuned ....

Comentarios:

Okay so the trade has not been activated as we have been waiting , Aussie woes at the moment, enjoy the slow ride down for now as its getting a thrashing from copper prices and Chinese commodity price drop , expect to hit the 0.38 fib line and trend line support / retrace @ 0.8200 levels .

Happy trading

Comentarios:

Okay retracing slowly to the 82.00 level as pointed out, we had taken a position on this basis and enjoying the ride down for now got in @ 83.60

stay tuned