I don't intend to make a habit of posting about Day trades, but following yesterday's DOW analysis and today's follow-through of the sell off, here's a quick update.
For the 4 hourly and 1 hourly charts, the levels detailed in yesterday's post still stand, so for today here's a screen shot of the Daily chart.
Since the AUD:NZD Swing Long from February never made traction from support, I've been watching the pair and waiting for a retrace to switch short into the trend.
For me, the problem with retraces is being confidence that it is indeed a retrace of a macro trend as opposed to a genuine reversal of that trend. The current AUD:NZD chart
There is still very little to say in regards to high probability swing trading set-ups. Last Week it appeared that we might see some volatility back in the Markets to offer some new Swing set-ups, some of which I detailed over the Weekend did play out but