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RE: AJ and World equities may be at that crossroad.

in #aud-jpy7 years ago

I figure it will bounce around 81.3 area until it choses a direction. This is a place u may place a long with a 80.9x ish area stop. And forget about it for a few months. If it breaks u will be stopped out. If it dont, u will be rewarded handsomely. I did expect equities to drop further a months back. back then the aj wasn't sitting on support. Now its on support, and if both equities & AJ drop. They have each other to help with a direction. The the least path of resistance is, them working together. If they both loose support, look to short. If they both found support, go long. Risk to reward wise, getting stopped out isn't a bad thing. Equities are looking bearish toward support, while Aj is at support. That's why I say its at a crossroads. The Facebook news and the Tariff situation looks to feed equity bears. Unlike the last 10% equity drop, the aj is in position to play, if support is lost.

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I just noticed something. It might be second thought to you but I'm just thinking out loud.
If equities and AJ crash down, USD is crashing with them which concludes EUR is rising.
Please correct me

mate, thank youuuuuuuuu
I caught 81.00 with 20 pips SL
and as it turned out, it has a positive swap too

I was stopped out. It was worth trying though