Navigating the RBA Rate Cuts - Pricing In AUDUSD 23 Sept
Sentiment/fundamental rationale tells me to look for short signals only this week. It is reported that the market is starting to price in RBA rate cuts on Oct 1st (81% as of now so plenty of moves to be had)
Technically it is very obvious, at least in an intraday context, AUDUSD have been trading lower and now in an intraday bearish trend.
Since I am bearish on the AUDUSD, I am looking to "short the rallies". I have identified several liquidity spots, which I marked with green sniper crosshair, as a place I would place my short (if there were bearish signal).
The targets potentially be the Boomerang level (purple line) or the 20-week AWR downside projection
Technically it is very obvious, at least in an intraday context, AUDUSD have been trading lower and now in an intraday bearish trend.
Since I am bearish on the AUDUSD, I am looking to "short the rallies". I have identified several liquidity spots, which I marked with green sniper crosshair, as a place I would place my short (if there were bearish signal).
The targets potentially be the Boomerang level (purple line) or the 20-week AWR downside projection
