Long term outlook very bleak for the once relatively strong AUD.
It's been a tough two years on the Australian currency. With a very wobbly gold price dictating the nerves and a phenomenally crucial period of USD relative strength the AUD is suffering without a doubt.
Using a simple fib based regression trend analysis along with a modified pitchfork that ties into the fib I predict a lowering of price here over the course of the next few days and weeks.
Entry can be taken now but ideally I would suggest let it pop up just a bit further before taking it on for SHORT positions.
As for leverage, margin, size and duration I leave that all to you my trading buddy :)
Best of luck and stay safe. It's a dangerous place to be falling without a parachute ;)
#winningtrades #thatswhatwedo #changeyourlife
It's been a tough two years on the Australian currency. With a very wobbly gold price dictating the nerves and a phenomenally crucial period of USD relative strength the AUD is suffering without a doubt.
Using a simple fib based regression trend analysis along with a modified pitchfork that ties into the fib I predict a lowering of price here over the course of the next few days and weeks.
Entry can be taken now but ideally I would suggest let it pop up just a bit further before taking it on for SHORT positions.
As for leverage, margin, size and duration I leave that all to you my trading buddy :)
Best of luck and stay safe. It's a dangerous place to be falling without a parachute ;)
#winningtrades #thatswhatwedo #changeyourlife