Long EURAUD @ 1.4883

12.08 gmt

This pair trends beautifully and it would be great to catch one of its long trends, but I think I’ve missed the big trend. However, it still looks very bullish, with EU bumping up against the top and AU unable to get up from the mat yet. The pair has also generated a fairly reliable long signal, so its worth taking a long.

However, because it is such a volatile pair and the spread is 8 pips, I am taking a very small position in this trade.

Long EURAUD $3/pip at 148.83. SL 148.13.


Leave a Reply

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

WordPress.com Logo

You are commenting using your WordPress.com 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