Tell me you see it too........... ( repost from jun 7)

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Okay this has been a beaut of a trade !!!! and as pointed out, it was there for the taking , we had to initially move our stop loss lower when it went against us, but it only went as far as our range clearly marked out, so there was no panic here ,
After the upbeat RBA minutes and poor NZ CPI we took Half our position off @ 1.07 as mentioned and we have also put a stop in @ 1.07 to lock in profits and let this puppy run .

Next TP level is 1.09 near trend line resistance

Did anyone else get in ??

Have a great day people and stay tuned for more profitable trades .



Jun 7
This has been ranging and providing a nice steady income along the way ,

I will keep it simple the AUD is in focus after better than expected y/y GDP data , this is important as it reduces the percentage forecast by the analysts for a further rate cut by the RBA early Q1 next yr,

So Long @ 1.0480 levels

Stop @ 1.04

TP @ 1.07 next fib level longer term trade

Happy trading people .......
Jun 8
Trade active: Okay so sit tight we have been filled , nothing to do here now but ,

keep calm and carry on .........

Entry @ 1.0480

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أغلقت الصفقة: تم الوصول لوقف الخسارة

Okay we were going well until Gov.Debelle jawboned the currency , anyway a great trade very happy ,

Strangely enough I was going to set the next TP @ the 0.5 fib line @ 1.0830 but got a bit greedy I think, especially knowing that both the RBA and NZ speakers were due up

anyway out for a nice profit .........