Reason: The Australian Dollar (AUD) may face further downside against the US Dollar (USD) as Australia’s CPI missed expectations, signaling weaker inflation momentum. Meanwhile, strong economic data from the US bolsters the USD, setting up an attractive pullback opportunity on the 4-hour chart. This setup allows us to ride the trend down to potential support, aiming to capitalize on the AUD’s weakening outlook.

Strategy Overview: After years of being a discretionary trader, I’ve automated my strategy to generate signals automatically and opened it to the public now. I no longer need to manually search for trades. I use data analysis and methods to identify and capitalize on market opportunities.

Risk Management: I only risk up to 1% of my total balance on each trade. This strategy minimizes losses and keeps my portfolio stable, even when market conditions change.

Join the Journey: If you like what you see, come along on this journey and give me a follow so you don’t miss any trades that my system may generate. But keep in mind, there might not be trades every day!

Short AUDUSD

Oct 30 2024