Signal long AUDUSD – not taken

0.33 gmt

AUDUSD generated a clear long signal when it closed the hrly candle at 1.0195. I see the maximum move of about 100 pips over many days, with a bearish tone on the daily / weekly. There is also the RBA meeting today, although I suspect the RBA outcome will be bullish for AUD. However it is still a toss-up, and the potential gains are not very attractive. I  therefore did not take that signal, but it is interesting to note that the signal is playing out well for anybody who went long around 1.0195..

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