Short AUDUSD at 0.7275
TP: 0.70
SL: 0.7345
We have seen the dollar start on the strong side on the first trading day of 2022 however it retraced a bit on the second day (4th Jan). I have therefore decided to sell into this AUD rally as I believe the FED will start showing signals of further rate hikes in 2022 therefore strengthening the dollar against the Aussie.
Using the fundamental story as well as the technicals to enter this trade.
Good luck!
TP: 0.70
SL: 0.7345
We have seen the dollar start on the strong side on the first trading day of 2022 however it retraced a bit on the second day (4th Jan). I have therefore decided to sell into this AUD rally as I believe the FED will start showing signals of further rate hikes in 2022 therefore strengthening the dollar against the Aussie.
Using the fundamental story as well as the technicals to enter this trade.
Good luck!
Commento:
TP hit for +275 pips! :))