AUDUSD H4 SHORT ON 200SMA
I plan to fade the strength seen on the back of the jump in AUD on hopes of trade war progressing.
The likely driver for the upward momentum in the AUD, is coming off the back of new lows, not since since the January flash crash, triggered by a Trump tweet saying he had "a very good converstation" with Xie, on the matter of trade.
How long can this counter trend rally sustain before sellers come back on the scene?
This trade is also setting up for a short on the daily.
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