Trading Australian Employment data -Price Action suggesting to short
Price Action in Australian dollar is quite rangebound as it can be expected due to high impact release of Australian employment data.
What will be hit first 0.8000 or 0.7962 and I would look for breach of 0.7962 to short at return to 0.8000 with stops around 0.8030 and targeting 0.7860 but it all depends on how price will react as hit of 0.8030 first will cancel trade opportunity.
Will post the complete update and chart after the release.
What will be hit first 0.8000 or 0.7962 and I would look for breach of 0.7962 to short at return to 0.8000 with stops around 0.8030 and targeting 0.7860 but it all depends on how price will react as hit of 0.8030 first will cancel trade opportunity.
Will post the complete update and chart after the release.
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