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This thread was started in response to the Hot-Chart:
EURUSD 1.1851 |
USDJPY 111.52 |
GBPUSD 1.3772 |
AUDUSD 0.7485 |
USDCAD 1.2406 |
GBPJPY 153.59 |
EURJPY 132.15 |
AUDJPY 83.48 |
CADJPY 89.86 |
Silver 26.23 |
That is true, with what the candle shows. You must also bear in mind that the AUD is often pushed higher prior to a rate decision, and more often than not the price does come down.
Even though Ashraf bearish, you need to make your own decision on when to enter and how much you are willing to risk.
In hindsight I am short at the lower levels and it haspullback significantly. However I will give it until Tuesday/Wednesday and see what happens. Good Luck
I am waiting for the extreme pullbacks and will be shorting heavily. Hopefullyweshould see some movement onTuesday after the rate decision. Thisonea real bugger. Its had me on my knees :)
my audnzd short at 1.28 stopped out, however i will re-enter a short once price reaches 1.29. I think Ashraf expects everyone to trade everyone sensibly using stops in line with their risk profile. :)
My other one has an 8-1/2 pip spread.
Hoping for 1.2910 on this pick for a short. May need the Westpac WETHERMAN HOMER analysts to come out early-Asia today (8-10 hours from now) in Sydney to do their dance and POUND the table on Aussie pre-RBA.