News event the could affect this trade

. (AUD) RBA Assist Gov Debelle Speech
. (USD) Existing Home Sales, Jobless claims
. (USD) Fed’s Yellen Speech



AUDUSD had a strong reversal off MR1 and daily role reversal area along with daily stoch looks ready to rollover for the bears on this pair. I'd go into smaller TF and look for selling opportunity

AUDUSD hourly

On hourly, price had came off sharply without any proper retracement. Selling right now could be risky trade. I'd wait for price to retrace and then look for selling opportunity somewhere between WM3 and 0.77 psych level

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.