Descending wedge, reversal trend

3 thg 11, 2015

Looks like a descending wedge acting as a trend reversal.
Looking to short with target near pre-UK election sometime in May this year (2015).
If true, it's a long way down, only to reverse when UK factory orders (export) improve.

8 thg 11, 2015

Ghi chú

MNI: **CHINA OCT EXPORTS -3.6% Y/Y VS MEDIAN -3.7% Y/Y CHINA OCT IMPORTS -16.0% Y/Y VS MNI MEDIAN -15.8% Y/Y CHINA CUSTOMS GIVES EXPORT/IMPORT NUMBERS IN YUAN TERMS (news at 8/11).

12 thg 11, 2015

Giao dịch được đóng thủ công

Last news from Australia, unemployment rate drop significantly.
This caused AUD to strengthen against GBP pair.
I suspect the move will be limited by the AUDUSD pair which remains bearish.

I've closed by SHORT positions.
However, there may still be a possible dead cat bounce pattern for those still looking to add in SHORT, but be mindful. It may just go further north after the bounce.

I've decided to stop looking at GBPAUD pair and refocus back to AUDUSD which I believe USD will be the main market mover for this coming weeks.

3 thg 3, 2016

Giao dịch đang hoạt động

I'm jumping back into the GBPAUD pair. LONG for now.