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NeoSalvo
Aug 23, 2016 9:16 PM

AUD/CHF-Long 2 Targets Long

Australian Dollar/Swiss FrancFXCM

Description

Earlier I posted 2 long term charts anticipating this trade. I like being long this pair because its a descent carry trade. MA cross, retrace, and then oversold. That's my entry. Looking at 2 targets.

Trade active

We got above major resistance at .7350. Eyeing the 1st target

Trade active

Took a piece of and moved to B/E plus. Will let it ride to 2nd target.

Trade active

Still in this with a position at B/E. Hopefully turn back up to 2nd target

Trade closed manually

I closed second part of trade and took profit since its end of the month. I think this will go lower/consolidate and then resume upward.
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The_Cannalyst
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