AUDUSD: Huge breakout, similar to copper and iron ore

1 thg 10, 2016

We have a potential breakout of considerable scale in the Aussie dollar chart. I'd highly reccomend entering longs if not in, you can risk either 3 times the daily ATR for the long term, or use Friday's low as your stop, more aggressively.
The target is the 0.8350 handle, to be confirmed after the bi-weekly time at mode signal on chart confirms. For now, it's not yet confirmed, but highly likely, so we can get in early on. I'm adding a shorter term entry here, on a break of Friday's high, with stops under Friday's low, to complement my longer term position in this pair.

Check out my copper forecast in the related ideas, as well as the oil an commodity index charts. We're in the brink of a massive move, that if confirmed, can be ridiculously profitable for all of us if it pans out like I expect it to. This also ties nicely with China's inclusion in the SDR basket today, OPEC's deal, fears of Deutsche Bank's failure dissipated, and Australia's fundamentals overall.

Cheers,

Ivan Labrie.

3 thg 10, 2016

Ghi chú

Looks good, new high.

3 thg 10, 2016

Ghi chú

We might break out of the range here today, keep an eye on it.

4 thg 10, 2016

Giao dịch được đóng thủ công

I don't like the erratic price action in eurusd and audusd. I'm out for now.
Holding USDJPY long, GBPUSD short, XAUUSD short, XAGUSD short, NGAS long, USOIL long, and equity/commodity trades.

5 thg 10, 2016

Giao dịch đang hoạt động

Covered NZDUSD short for 1% profit.

Reentered AUDUSD long:

5 thg 10, 2016

Ghi chú

This pair might soar:

6 thg 10, 2016

Ghi chú

Close half of the long position.

7 thg 10, 2016

Giao dịch đang hoạt động

Went long AUDUSD and Copper again today, right after NFP.

8 thg 10, 2016

Ghi chú

AUDUSD stopped, have to reenter on a break of Monday's high.

19 thg 10, 2016

Ghi chú

After a test of support, the breakout is now fully confirmed...if we have daily lows above 0.7719 soon, it'll soar.