AUDUSD | Trade Alert!!

We’re Buying 70% our AUD/USD shorts back @ the market.
We’ll leave a trailing stop just above today’s high on the remainder.

I’m taking the risk off the board to see how things settle out.
It’s not showing me any Love, mainly due to the this short being the wrong way on the Yen crosses.

AUD/JPY needs back under 80.40 for the Aussie to lead this trade. This simply means that the Yen is currently
running the show, not the Aussie. It’s a USD/JPY Trade!!

It doesn’t have to rally, however since it’s the currency being bought on the crosses it doesn’t have to break either.

Simply put….we’re short the wrong currency today..

I’m climbing back into my deprivation chamber until Fed time.

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