Hope u guys are on board the AUDJPY yesterday as it did come back again to test support.Now it looks like it's taking off,that shows that interest rates in the US are going for an imminet cut,possibly 50% and the Aussie is going to shoot tru' the roof as we are the opposite to rise rates to cool us down. Equities are going to shoot up,at least for short term.I'm not looking at any shorts right now but longs to take advantage of the senario.XJO is at critical support and the rates story looks like is going to force it to go higher possibly break all time high.The only thing i'm in question is the marabuzo candle on the DOW,looks like a bearish engulfing candle.I'm more bearish but u can't challenge the Fed as we are only the small fries,so i have decided to play the game to the tune rather than go against the trend.
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Hope u guys are on board the AUDJPY yesterday as it did come...
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