Long AUDUSD @ 1.0312

16.40 gmt

My system has generated a long signal in AUDUSD. Although this pair moves very slowly and in tight ranges, it is ‘well-behaved’ in terms of the system. And for the past couple of weeks AUDUSD has really tested the lows and formed a pretty strong base around 1.0250, so it is a safe bet to go long.

Long $300/pip AUDUSD @ 1.0312, SL at 1.0240.

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2 thoughts on “Long AUDUSD @ 1.0312

    1. ZenFXTrader

      I look at many time-frames: 4 hr, daily, and sometimes also 1 hr to fine-tune entry and exit. I also look at 15 min and 5 min charts sometimes just to see where intra-day resistance / support levels might be.

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      Reply

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