IvanLabrie

Forex portfolio: Go long AUDUSD now, add on dips

Long
IvanLabrie Mis à jour   
FX:AUDUSD   Dollar Australien/Dollar Américain
Simple trade, like the title says. Stop is 0.75543, entry at market now, add on dips to 0.75923. Risk 0.5% per entry.
The price has broken above the downtrend mode, so the trend is now up, in the intermediate term.

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Good luck!

Ivan Labrie.
Commentaire:
Add a 0.25% risk position with the same stop, at market.
Trade fermée manuellement:
I'm not liking the retracement of post-FOMC action today, I suspect traders will close positions going into the debat and OPEC news so we can probably reenter next week. We will close all FX positions for now. It's better to avoid risk and take a small loss than continue to be exposed to this move. In the long run, it's highly probable that the trades pan out well, but short term distortions in price can cause larger loss than acceptable before the fundamental move pans out.
Transaction en cours:

I'm only buying back the Aussie longs, for FX. It's currently the strongest currency, holding above all resistances. I'll buy more at 0.75918 with the same stop.
Commentaire:
Potential long term upside for AUDUSD is considerable:

Commentaire:
Potential short term upside: 0.79166

Commentaire:

AUDUSD acting strong.
Commentaire:
Move stops to 0.76513

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