Aussie USD Forecast November 2017

This is the last of my dollar pair forecasts and like all the rest I'm expecting a short trade on the Dollar index and therefore a long trade for the Aussie. As always we never know when the move down is complete until it is but I'll be taking any long trade set u I see from this price level. We'll see if it pushes on through the trend line to give us a larger trade up to the channel top. That's why the trade is worth taking the chance on. There is a high probability on getting a minimum of a break even trade.

I'll update my ideas as they develop
First rule of trading - Protect you capital

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Always wait for an entry set up before risking your money.

This is not investment advice - it is purely for educational and discussion purposes.
Your Ideas, comments and questions welcome

Good luck Steve Nixon

Comment:

Comment:

This crawling sideways as we wait for the end of the corrective phase on DXY. I'm only looking for long trades but it may push lower form here

Comment:

Let's see if the Aussie is about to break out of the downward channel.