There hasn’t been a lot of action across FX but the US$ is a bit stronger and there have been a couple of decent TC signals.
Monday is President’s Day in the USA so trading volumes might be lower throughout all sessions today. This is just a short post to recommend two podcasts I listened to recently that might help you to while away any quiet on this trading day.
Last week: There were some great trend line breakouts last week however a number were marred with a savage spike courtesy of US CPI data. I had called a trade early in the week for a LONG on the AUD/USD with a target worth 190 pips up to the 4 hr chart’s 61.8% fib and previous S/R level of 0.80/. That trade unfolded perfectly; albeit for the CPI spike mid-way through the move. Many FX pairs are back near major S/R levels so watch for new make or break activity in the week ahead.
We had an exciting morning at the beach today with a shark alarm and Pol-Air chopper search. The rest of the morning and day has been by the pool and then a fun hour or so picking Aussie stocks to trade in the coming week. This is Hog Heaven for me! The following ASX stocks are the ones that have either caught my eye, that I’m currently trading or that I’m looking to trade this week or in coming sessions.