I would've been short AUDUSD if it was trading under the 1.05 figure at the aussie session close. Assuming weakness into the ECB. We didn't close the session under 1.05 so no trade. I am looking for a pullback to 1.043 into the ECB, but meaning I would not hold anything into the meeting. Flat currently.
I am already short delta in EURGBP, but if not I'd short here at 50 looking for a touch of 30 in the next 24h.
Sup people, I couldn't be at the computer today, had some stuff to do. As far as the AUD/USD trade, it was not a smart trade lol. However, this is the kind of PA I expected unless we got some risk off play. It would have been better to wait until the main events this week and have limits under 0500 it the outcome went in my favor. It looks set to try and take test further barriers at 0550. I have tech resistance at 0547 and 0557 daily highs, that also being the top of the daily channel there. NY cut is past and London fix right here so we shall see, I still have faith, but i guess this depends on late day US markets here. I don't like being long here either, so no play except short here on risk off until we get a significant pullback. If/when we do get some risk off, this should have no problem quickly dropping to 0400 area. I expect some disappointment and feel the market got way ahead of itself on CB expectations... but I don't know for sure. Next shot for me will be the China PMI tonight in asia... then we have the main events coming... The rest of my trades are still fine.
nice... i think we might be headed down here... definitely losing momentum up here. See how this hour closes, but london closed with a lower high. Just have to be weary of the larger target up at 0550 there. Maybe best to stay flat until China data I'm thinking.