Short AUDUSD @ 1.0255, SL 1.0282. Update: closed at B-E.

17.20 bst

I am trying out a new strategy for trading the Aussie. Trade between key levels and edges of TLs and Fibos. We are currently hugging the downtrend line so I can go short here with a tight stop.

Short $30/pip AUDUSD @ 1.0255 with a stop at 1.0282.

Edit 17.52:

This trade is not right and I am closing it at B-E. This tactic goes against my core rule. Besides I realise that 1.0275 is not as important a level as I first thought.

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2 thoughts on “Short AUDUSD @ 1.0255, SL 1.0282. Update: closed at B-E.

  1. overkill

    See how this pair works beautifully.. they made sure to put it just under the MAJOR downward TL from the top 1.058 before the news..

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    1. ZenFXTrader

      yes, the TL worked. But the move was only 40 pips max. If this is the range after important CPI data, we can’t expect much volatility from this pair. Best to ignore it, imho.

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