AUDUSD - 20180706 (Closed [+6.0%])

by Dayadi Tirtodewo S.Si.

BULLISH CONTROL, SHORT BUY SETUP

Bullish control candle pattern had been form at chart above which indication for further upside move. Now, let's breakdown the H1 chart as shown below.

H1 chart we notice for short term bullish move, as the price already break some key level at 0.73785 and waiting for next break at 0.74052 key level. Some market catalyst for retest this key level we have some fundamental data as shown below:

The monthly inflation data both had show the positive value, but we will more concern at RBA Rate Statement and Gov Lowe speaks that will be schedule at tuesday and wednesday this week. And the last will be close with Monetary Statement at this friday. Keep update with execution setup guys, cheers!

Below is the short buy setup for AUDUSD:

Buy will be trigger when price move up to break 0.74070 key level with MACD and signal line crossing with no RSI overbought condition.

#UPDATE

Price move to our direction, and trigger buy at 0.73906 when the MACD crossing up with signal line and the RSI not in overbought condition. I finishing this trade when RSI hit first overbought condition at 0.74236, closing with +6% gain.

"One thing I get here, the market give the buy signal not actually in the next day after the signal created, but in the second day."