It looks like AUDUSD has reached a very strong trend S/R line. I am looking for a short play with my target at the specified area. Good luck all!
Trade active:
Short opened @ 0.74978
S/L 30pips
Target @ 0.73300
1st T/P 0.74150
S/L 30pips
Target @ 0.73300
1st T/P 0.74150
Comment:
Very quiet trading day thus far. Not much movement.
Comment:
Markets are still very quiet with little direction. Closed 1/2 my position at +25 pips to be on the safe side. Tighten stop loss to 0.75100 in case it breaks up.
Comment:
Set to breakeven. I will very likely get stopped out, and if after that it does trend down, then I will look for a retest to get back in. However, at this very moment, market is flat lined and I am erring on the side of caution and capital preservation.
Trade closed: stop reached
Comment:
AUDUSD has exceeded the S/R line and did not head down as anticipated. Will now let thing play out to see where momentum will take us. Safe trading all.