Tuesday, 1 March 2011

AUDUSD short

I've opened a short position on AUDUSD @ 1,0185, SL 1,0220, TP 1,0090. Strategy is the same I've used before, looking for a retracement, as momentum has been downwards on MACD and also a little bearish divergence at sight. On the daily, looks like 1,02 has been good resistance so far. Also, pair should return to the more sustainable trend.






4 comments:

  1. Kingich,

    are you only trading currencies? Best of luck to you.

    Duane

    ReplyDelete
  2. yeah, only currencies! u?

    thank you, also wish you success in trading

    ReplyDelete
  3. I like the look of this trade. AUDUSD has been struggling to break away from parity by more than 200 pips, so a retest of 1.0000 could be possible. Will be watching with interest.

    ReplyDelete
  4. yeah,

    profit hit, + 95 pips.

    ReplyDelete