Trade photo

Given that it's 'Thanks giving' in the US, plus, what I deem to have been 'strange movements' this week, there is a case to sit on the sidelines until next week.

But, AUD is gaining strength post Bullock speech (no indication of rate cuts until deep into the first quarter next year). And I believe AUD CHF to be 'fundamentally oversold'.

It's a 20 pip stop loss with 30 pip profit target. The stop loss is behind 'nice 1hr support' and there is plenty of room up to 4hr resistance.

The risk to the trade is end of month / lackluster holiday trading.

Feel free to email any questions: johnelfedforexblog@gmail.com