Audusd

No update on equities so far. I continue to believe the easy swing trade money has been made off the October low. Accordingly, I continue to sit out and look for short term short setups. Per my earlier posts, I don't post those short term setups as it takes too much time and nobody seemed to care much about them anyway. 

From a swing trade perspective, I am primarily interested in trading impulsive moves rather than chop. Here are the recent equities posts in reverse chronological order: Correction Scenario,1986 Support,Deep Pullback Scenario, and The Next Dip Buy. As for the analog scenarios, I am not a big fan of guessing corrective structure. It can present as rolling upwards, sharp/deep, sideways. We still do carry that bearish analog I have mentioned in the posts, but I have no reason yet to consider trading it.

This current post is an add on to the Dollar Weakness. I am tacking on an AUDUSD long here. I am front running the dollar weakness a bit but last week went so well in the NZDUSD and EURUSD that I am going to add the AUDUSD long. Here is the chart with the stop level: The goal would be to find support on the 8 hour chart here and then rally through the green line and hold it.  At that point, I will probably add into the position.  There is always a bull path and a bear path. We cannot know which path our future will choose. As always, do your own due diligence, read the disclaimer, and make your own investment decisions. Peace, Om, SoulJester