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 AUDUSD was already heading lower following RBA concerns about the possible decline in global growth. Which in layman’s terms means if the USA screw China on trade tariffs, then we’re screwed! Put Trumps latest addition of new tariffs on China and we have two major fundamentals working in unison and that should keep the pressure firmly on the downside.

Current Technicals: Down

Hourly Resistance: 0.6985

AUDUSD HOURLY CHART – Current Price 0.6938

Current Fundamentals: Down

Central Bank Sentiment: Down

Geopolitical Impact: Down

Upcoming Potential Fundamental Drivers

Trade Execution

Our Preference

Short positions below 0.6985 with my target at 0.6800.

Alternative Scenario

Above 0.6985 should only see a small stop loss run above 0.7000 before moving lower again.

Execution Software

If trading the technical levels: Trendline Trader

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

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