Trading Plan: Monday 17th June 2019

Mark NugentJune 2019, Trading Plan

Trading Plan: Monday 17th June 2019

A very quiet week with little action. Global equities held the prior week’s gains but went nowhere. The most tradeable situation was weak AUD which continued to decline after gloomy Consumer Sentiment from Westpac and a miss on Unemployment. My trading of the weak AUD was helped by the USD rising all week before getting a further boost on Friday as Retail Sales seemed to lessen the chance of a rate cut.

Three trades closed last week – GOLD short for a loss of 0.75% and weak AUD (AUDUSD short and EURAUD long) for a gain of 2.2%. So that’s 1.45% for the week and 35.8% year-to-date. Nice.

This week will be about equities pushing through resistance, GOLD bouncing off resistance and, of course, a weak AUD.

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