Good morning traders. Well as we can all see it looks like nothing is going to stop the Aussie. As a result no short positions are recommended, even for small scalps. Currently as spoke of before I am still running my little trend scalping bot on this pair, at least until it retraces to some good support. There we can then evaluate if a substantial long position can be taken.
With the predicted euro rate increase last night, there was a pretty good break out trade waiting in the Asian session for all to have. I picked up +50 pips on this trade.
Gbp might be worth looking at in the London session for another break out trade. Watch your price action.
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