AUD/USD: Stops triggered above .9310
Obviously there is still plenty of selling interest around as well, with stops triggered above .9310 in decent size getting easily swallowed by the market. I’ve reduced my long position ever so slightly near current levels. I’d expect support to now form at 0.9250/60.
It is better to be a bull at these levels.However i prefer to wait for the short cover to exhaust and sell as bearish sentiment i think is still obvious.Guess it is me against u on this trade,Goliath!
9650, that’s where the last bears will panic, then we can both go short Banya 🙂
Hi Sean, just close half position for profit, but plan to add long, just confuse that which method will bring better strategic, should we wait today close above 0.9320 then add again, or wait it retrace back 0.9250 to add??thanks
Hard to say at moment Jack. Best wait and see, but always better risk-reward to buy on dips