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Today's Trade - Looking to buy AUD/USD

Discussion in 'Jarratt Davis- Trading Signals' started by Jarratt Davis, Oct 17, 2014.

  1. Jarratt Davis

    Jarratt Davis Special Consultant to the FPA

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    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


    - Jarratt Davis
    Fx trader, funds manager and Forex mentor
    www.JarattDavis.com

     
  2. shogunfx

    shogunfx Sergeant

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    This is my analysis 2 hours before Tokyo open:
    AUDUSD entry.

    and this is how it looks now with targets:

    AUDUSD entry2.

    Today maximum level is between 0.8845 to 0.8858.
    My first partial close at 0.8796
    Possible bounce back at 0.8822.
     
  3. ABSOLUT25

    ABSOLUT25 Private

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    strange analysys
     
  4. shogunfx

    shogunfx Sergeant

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    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:
     
  5. shogunfx

    shogunfx Sergeant

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

    My today results (114 pips)

    Friday.
     
  6. shogunfx

    shogunfx Sergeant

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    After Friday close at 0.8744 I'm not so sure about what's next. :)
     
  7. Jarratt Davis

    Jarratt Davis Special Consultant to the FPA

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