AUD/USD Long-Term Setup (Short)
Even though the US has put off rates for the month of Sept, I still think speculation around a Dec hike will gain strength. That, coupled with the fact that Australia has had bad data come out from its economy leads me to believe this pair will eventually hit .69
Technically speaking I see a nice H&S pattern in its early stages on the right shoulder. I could be wrong, but this pair has always done well for me with a short position. Also correlation plays well for my euraud long.
Entry: .76474
TP: .70, revised from .72
SL: .79
Technically speaking I see a nice H&S pattern in its early stages on the right shoulder. I could be wrong, but this pair has always done well for me with a short position. Also correlation plays well for my euraud long.
Entry: .76474
TP: .70, revised from .72
SL: .79
Correlation Source: myfxbook.com & coincorrelation.com
(Disclosure: Correlations due tend to change over time)
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Charts are Not Investment Advice.
Charts are my own views & opinions.
(Disclosure: Correlations due tend to change over time)
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Charts are Not Investment Advice.
Charts are my own views & opinions.
