Today's Trade - Looking to buy AUD/USD

Jarratt Davis

Special Consultant to the FPA
Messages
1,495
Hey everyone,

Updated: 07:30 London time

Currency Pair:
AUD/USD


Sentiment:
Short term bullish


Market focus
:


In today's trade set up we will be focussing on short term buying opportunities on the AUD/USD.


Fundamentals:


Today's trade is purely focussed on a very short term play based on renewed Chinese easing calls. This was after the Chinese 1y/1y swap rate hit a low of 3.04%, near the PBoC's deposit rate mark of 3%.


Technicals:


We have a nice confluence zone at 0.8705-0.8700. This should offer short term support for any pullback.


Stop loss could be placed at 0.8670


First take profit target: 0.8730


Second take profit target: 0.8770


Trade management: After target 1 hit stop loss could be moved to breakeven

P.S - If you want to learn more about how I trade, check out this link below

http://www.forexpeacearmy.com/forex...e-trading-course-forex-pro-jarratt-davis.html

 
Last edited by a moderator:

shogunfx

Sergeant
Messages
260
This is my analysis 2 hours before Tokyo open:
AUDUSD entry.png

and this is how it looks now with targets:

AUDUSD entry2.png

Today maximum level is between 0.8845 to 0.8858.
My first partial close at 0.8796
Possible bounce back at 0.8822.
 

ABSOLUT25

Private
Messages
12
hey everyone,

updated: 07:30 london time

currency pair:
aud/usd


sentiment:
short term bullish


market focus
:


in today's trade set up we will be focussing on short term buying opportunities on the aud/usd.


fundamentals:


today's trade is purely focussed on a very short term play based on renewed chinese easing calls. This was after the chinese 1y/1y swap rate hit a low of 3.04%, near the pboc's deposit rate mark of 3%.


technicals:


we have a nice confluence zone at 0.8705-0.8700. This should offer short term support for any pullback.


stop loss could be placed at 0.8670


first take profit target: 0.8730


second take profit target: 0.8770


trade management: After target 1 hit stop loss could be moved to breakeven

p.s - if you want to learn more about how i trade, check out this link below

http://www.forexpeacearmy.com/forex...e-trading-course-forex-pro-jarratt-davis.html

strange analysys
 
Last edited by a moderator:

shogunfx

Sergeant
Messages
260
strange analysys
Yeah, after your post I've looked more at Jarratt trade suggestion.
Hey, Jarratt those levels 0.8705-0.8700 was hit yesterday.
Minimum for today is 0.8733 and is above your suggested first profit target 0.8730. :confused:
 

shogunfx

Sergeant
Messages
260
Setup still valid but not for today. Monday is another day :).
AUDUSD entry3.png

My today results (114 pips)

Friday.png
 
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