Assuming the pair continues to be range-bound, riding the short-term bearish trend. Setting up sell stop order with TP 80.513 and SL just a few pips below the 38.2% fib line (@82.378). Must close this trade before the CPI news tomorrow at 9:30am (GMT+8), because considering how bullish the overall sentiment is in COT futures as well as RBA being hawkish in general, there's probability that this pair might have a bullish breakout.
fxstreet.com/news/aud-usd-could-attempt-to-form-a-base-uob-201807231148
Daily:
Weekly:
Confidence: B (because of risks mentioned above)
fxstreet.com/news/aud-usd-could-attempt-to-form-a-base-uob-201807231148
Daily:
Weekly:
Confidence: B (because of risks mentioned above)
Order cancelled
Will enter a new position after AU's CPI news tomorrow.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.