Ok….. 20hrs no sleep….. quick trade idea in the FX space

[Rintel]

I’ve been monitoring the AussieDollar cross all day . And I think from this level a short term long position looks good. 
I was short but as I refreshed my tools , I was persuaded long. 
the volatility is dropping plus negative returns are decelerating . Already 5% up in the green . Will see how it plays out tmrw . On a macro fundamental level yes growth is slowing which should favour  a stronger dollar but I think this is a short term bounce before the trend continues downwards. Also should PMIs prove bullish this month , I think it puts more pressure on the dollar.
That’s it from me taking my **** to bed. Should be able to get 2 hours of snooze  in before work . 
Good luck out there today.
 

C

Edited October 5, 2021 by Rintel

[Rintel]

Flash update …. Vol now rising … switched back to short after taking a small loss an hour ago

[Rintel]

Had to book a small loss on my AUD position today... Cant win all of em .... maybe i should trade after being up for almost 24 hours .. haha