AUDUSD: Top is probably in
Updated
Let's short AUDUSD at market, stop loss at the 0.77 handle. It shouldn't go back above 0.76447 for this trade to work.
Good luck!
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Ivan Labrie
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Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Good luck!
Check out my updated track record here: pastebin.com/6CyyqnPT
If interested in my real time whatsapp alerts and swing trading newsletter, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers!
Ivan Labrie
Link to Tim West's chatroom: tradingview.com/chat/
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Trade active
Let's reenter shorts here, USDCNH sets the stage for a massve drop (same as how the chinese stock market is looking...add to it the Vancouver housing market crashing and we have a few ingredients for a geopolitical shock, look out for Bitcoin longs!, chinese will want to move money out of China quickly). Long AUDUSD @ market price, stop loss 0.77 handle. Last price: 0.76193
Risk 0.5%
Note
Top was in...let's look to short from here onwards.
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