As you can see that AUDUSD has broken the psychological level of 1.000. So will it continue to fall to at least 0.9500. My main thought is to know when it will start reversing so that we can trade that move.
None of the currency pairs—not EURUSD, CADJPY, GBPJPY or USDCHF—wishes to cooperate with me. Nonetheless, I trust that sooner or later the market makers will return to their normal modus operandi…and at this time, my most promising option looks to be buying AUDUSD at 0.7133.
Unfortunately, I was not awake to lock in gains when the opportunity presented itself, and my take profit target was never hit, so I ended up getting stopped out of the trade. (At this time AUDUSD appears to be relatively range bound.)
AUDUSD and AUDJPY are both bullish, so I figure this is just a temporary pullback, which is why I chose to be satisfied seeking a mere 10-pips worth of profit. I will now be waiting for my system to alert me as to when it is "safe" to go ahead and enter a long position.