Hi Traders!
Our AUDUSD bear flag idea on the 30/05/2023 (LINK TO ORIGINAL IDEA BELOW) broke and closed to the downside of the flag around 0.64904 to fulfil our idea.
We got to the 0.64583 level (near our 0.64500 forecast) when we noticed a big volume spike on our volume indicator. This let us know that a lot of traders were exiting positions due to the May 2023 Nonfarm Payrolls (NFP) announcement tomorrow. The market is now thin and volatile, so 0.64583 was a great exit price if you entered and held from the flag breakout at 0.64904.
We will continue to analyse the markets and inform you if any opportunities arise, but please be careful as the markets are very thin and there is a current lack of volume due to the NFP announcement tomorrow.
Please do not forget to comment, like and follow.
We appreciate your support.
Trade safely and responsibly.
BluetonaFX
Our AUDUSD bear flag idea on the 30/05/2023 (LINK TO ORIGINAL IDEA BELOW) broke and closed to the downside of the flag around 0.64904 to fulfil our idea.
We got to the 0.64583 level (near our 0.64500 forecast) when we noticed a big volume spike on our volume indicator. This let us know that a lot of traders were exiting positions due to the May 2023 Nonfarm Payrolls (NFP) announcement tomorrow. The market is now thin and volatile, so 0.64583 was a great exit price if you entered and held from the flag breakout at 0.64904.
We will continue to analyse the markets and inform you if any opportunities arise, but please be careful as the markets are very thin and there is a current lack of volume due to the NFP announcement tomorrow.
Please do not forget to comment, like and follow.
We appreciate your support.
Trade safely and responsibly.
BluetonaFX
