AUD/USD First Target Met at 0.9145(+20)
March 11, 2010 - 8:46 am by Juan P. Bejarano · 3 Comments
AUD/USD rose to an intraday high at 0.9168, to reach our short entry point at 0.9165. First target was met for +20 points (0.9045). Move stops to break even or leave room to breath. Next target 0.9077.
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Sweet trade, I already closed it plus 45. Do u expect it to fall more
Good to hear! I do expect more declines as the Australian jobs data was not impressive. China's CPI was hotter than anticipated and this could lead to a hike by the Chinese. Thus, making it harder for the RBA to hike rates next meeting. I do, however, not recommend selling at market, reversals are part of Forex and we don't know what stocks may bring. But we are already protected with at least some gains, hope to see more
Juan
Thank u. I guess I'm happy I closed it