208 pips on AUDUSD

Our trade for the week was the long of AUDUSD. If you looked at the previous post you can see why I went long..  it was the pinbar plus the weekly chart showed an area of support where the market went a few hundred points up the last time it hit this area.

I still think that AUDUSD could go higher from here, my actual limit stop was at 9695 but with the weekend coming up and me not liking holding trades over this period, I thought it would be a good place to take profit. There’s always a risk of a pullback after a strong move up and indeed the pullback came.

14th June 2013 - AUDUSD

Good profit :)

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Category: Forex trader, Forex trading, money, Trading