OZE$ breakout on Chin.Yuan: AUDCNH. Updates here.
https://www.tradingview.com/x/6CeDr8DY/
The AUD getting a good bounce from a very oversold AUDCNH.
Price has rally'd and has formed a Top2 on 1HR.
Look I think this is taking a bit of the wind out of the sails. I expect it to break-upwards again soon and it will short circuit this double top on 1hr.
My feeling is that the horse has bolted and this will breakout much bigger today across all sessions.
I will keep you updated as I am a full-time trader, holding positions for various times, but principally I am a day-trader with a swing trading strategy. It varies.
15m chart CHOCH
The AUD getting a good bounce from a very oversold AUDCNH.
Price has rally'd and has formed a Top2 on 1HR.
Look I think this is taking a bit of the wind out of the sails. I expect it to break-upwards again soon and it will short circuit this double top on 1hr.
My feeling is that the horse has bolted and this will breakout much bigger today across all sessions.
I will keep you updated as I am a full-time trader, holding positions for various times, but principally I am a day-trader with a swing trading strategy. It varies.
15m chart CHOCH
Trade active
LONG AUDCHN:
Risk Assess First
Note
11:30 AUD Employment Change (Nov) 35.6K 26.0K 12.2K
11:30 AUD Full Employment Change (Nov) 52.6K 8.9K
11:30 AUD Participation Rate (Nov) 67.0% 67.1% 67.1%
11:30 AUD Unemployment Rate (Nov) 3.9% 4.2% 4.1%
These figures came in very recently, about 20 minutes ago. Favourable for AUD. Smart-Leaky_bigbank_money. However, price would've moved first anyhow given how thumped down oversold AUD has become.
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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.