New long AUDUSD @ 1.0555, SL 1.0510

8.20 hrs.

I am not too fond of AUDUSD these days. The ranges are so small even the system is struggling to make money in this pair. On my EJ chart, the Y-axis range is 800 pips, on the EU chart the range is 400 pips, and on the AUD chart of the same size the range is a measly 250 pips – that’s how much the pair has moved in the past 4 weeks!

Nevertheless, I’ve decided to take the signal generated here and I am long as follows:

Long $400/pip AUDUSD @ 1.0555, with a stop at yesterday’s low of 1.0510.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s