6A 12-15 (1 Min) 11.5.2015

11/5/2015 Quarterly RBA Monetary Policy Statement (1930 EST)
Forecast: n/a
Actual: n/a
SPIKE WITH 2ND PEAK
Started @ 0.7142
1st Peak @ 0.7136 – 1930:19 (1 min)
6 ticks

Reversal to 0.7143 – 1933 (3 min)
7 ticks

2nd Peak @ 0.7125 – 1941 (11 min)
17 ticks

Reversal to 0.7135 – 1955 (25 min)
10 ticks

Pullback to 0.7124 – 2020 (50 min)
11 ticks

Expected Fill: 0.7139 (short)
Slippage: 0 ticks
Best Initial Exit: 0.7136 – 3 ticks
Recommended Profit Target placement: 0.7130 (below the 200 SMA / LOD)

Notes: Small 1st peak followed by a large 2nd peak. This is common with this report.