5/16 Update
Reaching the key support of 75.20
We may see a flash crash again as per history
so those who are in a bullish position,
make sure you have enough in your account to wait it out without getting liquidated.
If 75 holds, you can consider starting buying as the pair goes up.
5/21 update
The pair may be forming a double bottom.
The fundamentals behind it are:
- AU's election results with the conservative party winning
- US-China trade war talks have slowed a bit
The trading idea (high risk)
Buy at the current price
TP: 79, 81
Get my trading strategies: learn.investdiva.com/start
Reaching the key support of 75.20
We may see a flash crash again as per history
so those who are in a bullish position,
make sure you have enough in your account to wait it out without getting liquidated.
If 75 holds, you can consider starting buying as the pair goes up.
5/21 update
The pair may be forming a double bottom.
The fundamentals behind it are:
- AU's election results with the conservative party winning
- US-China trade war talks have slowed a bit
The trading idea (high risk)
Buy at the current price
TP: 79, 81
Get my trading strategies: learn.investdiva.com/start