Today's trade for Tuesday 03 December

Jarratt Davis

Special Consultant to the FPA
Messages
1,495
The Aussie has been bearish for the past couple of weeks, which in turn has pulled our NZD trades down with it and it also took our trade out yesterday. With this in mind and supported by a lot of weak data overnight from both China and Australia we are looking to sell the pair today. We also had an unchanged interest rate statement from the RBA, who once again talked the AUD down, stating that it was uncomfortably high and needed to fall further.

Look for selling opportunities on the AUD/USD.
 
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Bangla Forex Rider

Private, 1st Class
Messages
51
couple of days ago you are saying about buying Nzd/usd
is this analysis of your also suggest the closer of nzd/usd buy position?
 

Dietmar

Private, 1st Class
Messages
70
closed my short in AUDUSD this morning, thank you @ Jarratt :)

I entered at 4 different Fib-retracement levels (see screenshot, scaling in)

, Dietmar
AUDUSD_Short_3th_dec.JPG
 

Dietmar

Private, 1st Class
Messages
70
Hy Turtle,

well, my TP (set yesterday) was at the +38.2 fib extension, which was hit later ... I am a big fan of the fib-tool for entry and TP levels. But at this morning, just before London open, I closed all 4 short trades by hand ... lack of patience here :/

, Dietmar
AUDUSD_Short_3th_dec_II.JPG
 
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