Hello Everyone, hope all having a very nice year and wish you all happy trading.
Lets go through the data we have about the pair;
1- AUD currency lost 3.64% of its value in December 2018, which is considered one of the worst performing pairs during the month 'December 2018'.
2- On the left chart we have a bullish harmonic pattern 'Crab' which is yet to fulfill the objective;
3- MACD indicator showing changing in the slope and about to crossover which indicate change to up.
4- RSI touched the extreme level and went out, it indicate the market about to go to the other direction.
5- In the last few days, the market created new low but did not close below it, possibility for up acceleration intact.
For Trading I would say the big picture always work and it is not sensible for the AUD to loss more value rapidly month after month, whether it will be correction or direction changing, I would say AUDUSD will rise for a little to test the level we have as targets.
Trade with care.
your capital, your responsibility
Cheers
Lets go through the data we have about the pair;
1- AUD currency lost 3.64% of its value in December 2018, which is considered one of the worst performing pairs during the month 'December 2018'.
2- On the left chart we have a bullish harmonic pattern 'Crab' which is yet to fulfill the objective;
3- MACD indicator showing changing in the slope and about to crossover which indicate change to up.
4- RSI touched the extreme level and went out, it indicate the market about to go to the other direction.
5- In the last few days, the market created new low but did not close below it, possibility for up acceleration intact.
For Trading I would say the big picture always work and it is not sensible for the AUD to loss more value rapidly month after month, whether it will be correction or direction changing, I would say AUDUSD will rise for a little to test the level we have as targets.
Trade with care.
your capital, your responsibility
Cheers
Note
We had a flash crash-like move and kicked us out of the market, I will re-enter with the same risk percentage.Trade with care. cheers
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.