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It is even more encouraging to note the steady cyclical movement as price winds its way up to meet the identified level. This indicates healthy give and take between buyers and sellers, suggesting that even if the trade does not work out, there will at least be room to reduce risk by scaling out, moving stop losses, and, should price feedback become hostile, to exit for a smaller gain or loss.One possible trigger for this trade would be the end of a sudden, explosive upward thrust, culminating i…
kmwaseem07's Blog
Buy AUD / Sell JPY
The Australian Dollar managed a strong showing last week, rising to a two-month high just below the 0.95 figure against its US counterpart. The advance tracked an improvement in monetary policy expectations, with a Credit Suisse gauge tracking the priced-in 12 month outlook rising to the highest level since mid-May. High-profile event risk on the domestic and the external fronts in the week ahead threatens to undermine the rally however.
The spotlight initially falls on minutes from June’s RBA p…
The spotlight initially falls on minutes from June’s RBA p…