XAO - short the bounce
Markets are in distress presently with the US - China trade war.....
All markets will be effected as these two giant economies strand off...
Looking for a short on the Aussie index after a bounce...
Entry - defined by the 50 MAV and a potential .50 fib retracement region.
Target - 200 MAV = representing long term fair value for this index
Stop - above the swing high , and all time high for this index
Risk Reward = 2.
All markets will be effected as these two giant economies strand off...
Looking for a short on the Aussie index after a bounce...
Entry - defined by the 50 MAV and a potential .50 fib retracement region.
Target - 200 MAV = representing long term fair value for this index
Stop - above the swing high , and all time high for this index
Risk Reward = 2.
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