AUD/USD Weekly Potential bounce $FXA

May 20, 2019

I don't trade much Forex but this looks like a good buy for a trade that can last a few months. I also see Australia just had an election this weekend so that could have an effect on a reversal. The time bars are to see how long the price can hang out at a level before it takes off. In terms of options there's an ETF FXA that has extremely cheep long term options right now that follows the AUD exactly. December $73 calls look good.

Jun 1, 2019

Trade active

Too choppy to play this with leverage, I'm holding onto my FXA Calls that range from July/December. Currently in profit.