200 Pips Profit Opportunity on AUD/USD

FX:AUDUSD   Australischer Dollar/U.S. Dollar
After the first official trading week of 2018, activities in the market are starting to pick up, and we are seeing volatility coming back.

We are seeing an ideal technical setup on AUD/USD .

In addition, we do have the US Core CPI and Core Retail Sales data coming in on Friday.

The release of these economic data might act as a potential catalyst to strengthen the US Dollar , potentially giving us a nice confluence for the short setup on AUD/USD .

On the AUD/USD H4 chart, price has been ‘crawling’ higher. This is a term that we use to describe price losing momentum as it continues to move higher.

We are also seeing a RSI divergence forming. Adding on to our technical confluence, price has also reached the key fibonacci area between the 100% to 123.6% extension.

All these gave us an ideal technical sell setup on the AUD/USD .

What we need is a potential catalyst to push price down impulsively; and we are expecting the catalyst to come from Friday’s US data.

Core CPI and Retail Sales are forecasted to come in at 0.2% and 0.4% respectively. Should the actual data come in higher than the forecast, we will have a strong reason to take the short trade on AUD/USD , potentially targeting 0.7641 – 0.7685 area.
Hi, is this trade still valid?
akyong Camtoh
@Camtoh, no longer valid. need to reanalyse for AUD/USD
+1 Antworten
Camtoh akyong
@akyong, ok thanks!
Sailosi akyong
@akyong, yes at some point there will be a corrective move to the downside after the current upward impulse which has been weakening.
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Devisen-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden