This Monday has been difficult for most currency pairs because of the wild moves we saw in the EUR pairs, last Friday movements in the GBP pairs… Probably the best thing to do today is to look for the clearest trading opportunities, like the AUDUSD
Last Thursday we talked about the AUDUSD, we mentioned the market was trading in a short term range and it needed to break either side of the range to start looking for a trading opportunity. Well, just broke the bottom of the range:
This puts the Aussie-dollar in a bearish market condition, looking for short trading opportunities.
My Trading Plan:
As long as the market keeps trading below 0.9193, I will be looking for short trading opportunities. All TP orders will bet set around 0.9022.
All long opportunities will be ignored.
I’ve been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .