It's about time. Just observed some signs of the first daily correction of the recent up move on AUD pairs, except AUDCAD .
Don't neglect the possibility of the last spike/up move, before starting the correction as shown on the chart by narrower arrow.
💬 Please let me know your perspective on this
Happy Trading & stay green! ✌️
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Trade closed: stop reached
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So the spike scenario played out. 🙄
Hopefully you are not as an aggressive trader as I am, listened to the advice, and took the risk of the mentioned spike into consideration.
@Forexian A fall of almost 500 pips in the making!?! Is that a short term or long term trade? If it’s a short term, that will be awesome!
Forexian
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@Pnmehta94, Thanks for your comment, I didn't say fall, It's a short term trade inside the first possible daily correction, the red-green shape of a trade is not that accurate, I expect a down move in corrective fashion to the 50 - 61.8 % of Fibonacci
Forexian
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@Pnmehta94, maybe something like this:
UnknownUnicorn4263724
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@Forexian, Hi there! Nice... still a good 200-300 pips down though. I see it crashing to the 60 range in no time as Australia is affected largely by China and America’s going tensions. JPY is also a safe haven which is planning to opening up its economy this week. Lots of indications to AUD Falling massively.
Forexian
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@Pnmehta94, Don't know, maybe, but I think it would be a slow move