Ever get that deja vu feeling that we have been here before ?
Further to my post earlier in the day the Aussie has once again tested the floor support at 0.7627.
I couldn’t resist the temptation of taking a long interest at these levels, good risk reward with a stop under 0.7620. Decent trades have been taken between the levels, although the bounce is shallow at the time of writing.
AUDUSD-H1 update
Chart from the Asia session below .
AUDUSD-H1 Asia
Collects more scalps than Crazy Horse and newly crowned Bitcoin & Dow top calling master.
Philosophy: "Trading rules.....it most certainly does"
Read how Horatio got into trading here
Philosophy: "Trading rules.....it most certainly does"
Read how Horatio got into trading here
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I’m long too, 0.7631. If 0.7630/00 goes it would mean to get back in the old range as before the summer, with 0.7730 capping the topside. Barring a fast move down just to get back up again.
USDX seems to have been rejected another time at 95, EURUSD proving resilient below 1.16 and the failure above 114.5 in USDJPY a bit ominous for USD. The bounce in AUDUSD is weak though, AUD doing so so on its crosses. Let’s see.
Nice grab on that Aussie 5M.
Nice entry 5m
Fingers crossed eh 🙂