Aussie has picked up nicely from the lows of 0.7328 and clocked almost 100 pips then.
This pair is a strict trend following pair and we would like to ride the trend as long as the pair is above 0.7400.
We will close the trade around 0.7350 area if it dips.
But right now we are buying into the trend to cross 0.7550.
Currently trading at 0.7417
This pair is a strict trend following pair and we would like to ride the trend as long as the pair is above 0.7400.
We will close the trade around 0.7350 area if it dips.
But right now we are buying into the trend to cross 0.7550.
Currently trading at 0.7417
Comment:
The price had a sharp fall of 40-50 pips but we are still long and exit all positions at 0.7350 TP..0.7550 intact
Trade closed: stop reached:
0.7350 stop loss hit