Posts Tagged long audusd

AUDUSD Trade

AUDUSD Trade

The AUDUSD forex pair looks like a good long entry. You can see a pullback from the highs and the daily chart shows that a double bottom has been formed just above 10400. I've gone long at the current price (marked E) and put a stop order at 10400 and a target 80 points higher. I'm looking at a 1:1 risk to reward on this trade with a maximum loss of 1% loss on my account if I lose. My trading these days has become rather boring... I set my trades and let them run to completion.. I know th

September 19, 2012 No Comments Full Story