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BoonHooi

How would you trade the AUDUSD?


Good morning everyone,

It was a good relaxing weekend for me, but not for my buddy, Rayn, who had to be in Shenzhen for a seminar/workshop. More great opportunities coming our way. Good job man !!

Rayn in Shenzhen

Well.... where ever we are in the world, the Forex markets still goes on and it waits for no one. Is the Aussie one of the currency pairs that you monitor? It has been on a downtrend since the beginning if the year.

AUDUSD H4 - I see this bounce last Friday as a good opportunity for us to continue to short this pair lower. Let's see how this pans out at the beginning of the week.

AUDUSD H4 at Resistance

The other pair I will be watching closely is EURCAD on the H4 time frame. The pair completed a Bullish Deep Crab pattern and reacted to the PRZ. I am waiting for a Type 2 entry for this pair. Hopefully this will come back for me to take the trade.

EURCAD H4 - Bullish Deep Crab

 

Announcement :

I am having my next seminar on the 28th Aug (7pm sharp). That evening I will sharing some goodies where you can immediately implement on to your trading. You seriously would not want to miss this session, you will get a better understanding of Harmonic Patterns. I'll be sharing a trading strategy. Please come, please invite your friends.

Cheers... until then, trade well trade safe.

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