AUDUSD Post CPI Data, Where Next?

Nov 14, 2023

Hey Traders,

After significant downside movement for a long period of time, the AUDUSD is rebounding on US data regarding inflation.

Rate rises in the US look less likely, so the longside bias is subsiding.

Here's my take on it's direction.

Nov 14, 2023

Note

Shorting impulse + further entries higher.

Nov 14, 2023

Note

Holding bias.

Nov 15, 2023

Note

Still holding shorts. No RE entries until higher.

Nov 17, 2023

Note

Further entries nearer 0.66

Nov 20, 2023

Note

Light Shorts OK now for entry 1

Nov 21, 2023

Note

Maintaining short alike NZDUSD.

Nov 22, 2023

Note

Out of shorts.

Nov 23, 2023

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Re shorts.

Nov 23, 2023

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Exit for gains. Only re entries above prev high at long term M resistance.

Nov 24, 2023

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Light shorts currently Alike NZDUSD

Nov 25, 2023

Note

Also be careful of trading this AUD and others at the same time