FUNDAMENTAL CAN F THIS ALL UP. MARKET IS VERY INSECURE RIGHT NOW
SELL FOR SHORTERM AND IF BEARISH EVIDENCE WILL CONTINUE FOR A LONGER TERM SELL
Two possible outcomes. If USD gains it's momentum back we could be looking for a trend continuation. If USD keeps losing momentum it is on a beautiful head and shoulders to the upside. I am short right now at 0.74970
AUDUSD HAS TESTED 3 TIMES THE LEVEL 0.71600. Ready to ride this all week until Fridays USD news wich i hope by then it will be in the 0.73000 area. Once it gets there i will wait for bearish indicators to get in short.
ON FRIDAY YELLEN SAID THAT THERE IS A POSSIBILITY FOR INTEREST RATES TO BE RAISED. THAT IS THE REASON FOR THE BIG MOVE THE BLUE LINE SHOWS. WAIT FOR A RETRACEMENT ON THE 15 MIN THAT SHOWS AN OVERSOLD OR OVERBOUGHT RSI (depending obviously on the direction of the retracement.) OPEN AS MANY TRADES AS YOU WANT BUT TAKE OUT THE 80% OR 75% OF THOSE TRADES ON THE TP1....