AUDUSD Sell @ Market 0.7125

11 сент. 2018 г.

Seven of our nine trades last month were short positions the Aussie or Kiwi, and those established downtrends have carried over into this week’s trade. After a big breakdown in AUD/USD last week, we’re going back to the well with another short setup in AUD/USD.

We’ve recently described AUD/USD as the “cleanest trend in the FX market,” with a well-defined bearish channel guiding rates lower for over eight months now. The pair spent the first four days of last week’s trade consolidating around 0.7200 before dropping sharply to a 2.5-year low near 0.7100 in Friday’s risk-off trade.

Zooming into the hourly chart, we can see that rates have been consolidating and drifting back toward the breakdown level in the mid-0.7100s. The lack of an immediate reversal increases the probability of a legitimate breakdown and potential continuation down toward 0.7000 this week.

Place your stop at 0.07191 and your limit at 0.6975. This is a 60-point stop, so be sure to adjust your position size to maintain consistent monetary risk on the trade.

13 сент. 2018 г.

Сделка закрыта вручную

After consolidating around the 0.7100 handle for the first half of the trading week, AUD/USD is breaking to new weekly highs above 0.7130 as of writing.

With the pair seeing a bullish breakout from consolidation and a looming event risk from tonight's AU jobs report, we're closing the trade for a small profit here.