dchua1969

short term buy for AUDUSD

Long
dchua1969 Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
SL - 0.571

Profit target - either you follow the trend line or as you are comfortable with
Comment:
awaiting for resistance to be broken up at 0.58315
Comment:
praise lord. congrats to those who longed.
Comment:
Ok, this is how I will play this pair now.
1. I will adjust my trailing SL to around 0.59.
2. I will reduce my positions by taking some partial profits ,e.g., if you have 5 positions, you can sell 2 or 3 and left with 2 to continue running.

As the bullish trend line here is still intact, there is nothing I need to do other than the above.
Comment:
From this chart, how many buying opportunities can you spot it ?

If you know how to use the strategy, is there still a need for you to trade 20 -30 pairs , running yourself busy , toggling charts after charts and frustrating yourself over more losses than profits ?
Comment:
Praise Lord, it is still on an uptrend.
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