Guys, honestly, until few months ago I would doubt about it... But as it approaches, I do not feel confortable to keep optimist. 1st - ISM PMI is still above 50, but since september 2018 it has been falling, which means that might be a fact that the economy is slowly contracting. In my opinion, if it falls under 48 it's to be really concerned. * ISM PMI - The...
shorting AUDJPY @ 78.100, stop order @ 79.500 and target @ 74.600.. It's in a major down trend in the daily chart . The highest momentum might occur after breaking down 77.000. Also, the deacceleration of the Chinese economy might impact the AUD as Australia is one of the main commodity based countries to trade with them. Checking the Shanghai Composite Index...
Well, seems like GBPJPY is going to be back at the major channel. If it falls under 143.700 , it will be a good short opportunity. I will enter if the bar closes with a good size, an 'ATR (10)' size or bigger, bellow 143,762 . On the other hand, if it goes above 147.050, same scenario, strong bar closing above 147.050, size around ATR (10)... It can be a good...