Looking to buy AU at .75

RBA news coming shortly, looking for a long entry (about 30 mins after this posting)
So if it just dies on the chart, don't hold that against me :) No entry yet.

This would be the ideal place and time for a bounce.
Would not be surprised at a stop run below 0.75 through.
So I will be watching for such spike DOWN on GOOD news!

Will wait for the news to seek entry, but wanted to put this out there

Interestingly: I bought at 0.75 in December, per the plan at that time:

Wouldn't it be sweet if the RBA gives it nice ricochet again!

Bình luận:

The RBA news was a huge nothing burger :(
If anything, a little dovish.
No rate change, hold for longer.

So no strong bull force to be had.
But regardless, still at a solid bottom and wants to go up.

The news did make a TINY blip. But most telling was it bounced from a key 618 extension, yet was stopped by the measly Daily Pivot. So now watching to see if it breaks Daily Pivot, then maybe scout a long entry.

Bình luận:

Currently watching 7485 and 7390 for possible signs of bottom

Giao dịch đang hoạt động:

Just bought a tiny bit (10% of trade amount) at .7507 (the 07's are one of my limit buy numbers). Will add more all the way down to .7390. If it bounces right here, will add 10% increments after each milestone/retrace on the way up.

Giao dịch đang hoạt động:

Looks like wee bit of a bounce off the Dialy S1 pivot, after diving from the Daily Central. AU clearly following the pivots

Bình luận:

Grabbed a few more limit buys in the 7450-7480 range.
Maybe that was the spike below .75000 to take out stops.
Maybe it will go a bit lower, but am pretty sure it will bounce soon.u

Giao dịch được đóng thủ công:

Closed trade with tiny profit.
US fomc news was mixed, AUS news was ok.
But not looking like its ready for a bounce yet.
Will keep an eye on .7390 next, or bounce and retrace to long again.

Bình luận:

I have added a new chart hunting the short time frame for entries