Brad Gilbert

CEO & Founder of Traders4Traders – Brad has been trading for 28 years and was a former Chief FX Trader for Citibank. Brad trades mostly the Asian Market.

Trades: EUR, GBP, AUD, NZD, CAD, JPY, CHF, DOW, SP500, OIL, GOLD

 

Overview

The AUD has underlying downside bias from the RBA but AUDUSD is somewhat caught up in the downside USD bias, so it’s trading sideways. But AUDJPY provides a good neutral alternative with a touch of downside negative sentiment from USDJPY. so it’s my go to trade if the Australian employment data is weak.

Current Technicals: Down

Hourly Resistance: 76.03

Bottom of Cloud: 75.88

Hourly Support: 75.33 (weak only 2 touches)

AUDJPY HOURLY CHART – Current Price 75.55

Current Fundamentals: Down

Central Bank Sentiment: Down

Geopolitical Impact: Down

Upcoming Potential Fundamental Drivers

Trade Execution

Our Preference

Selling @Market if Aust Employment is ≥5.3%

Alternative Scenario

If the Unemployment rate is 5.2% or better than no trade!

Execution Software

If trading the technical levels: Ichimoku Cloud Trader

If trading live: T-Rex Live Trader or Guerrilla Trader

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