BombayBulls
Long

AUD/USD Long Trade Setup

FX:AUDUSD   Australian Dollar / U.S. Dollar
20 0 0
Today's 50 pips might come from Australian dollar             longs. We are not particularly keen on getting long Australian dollar             for long term right now but improving risk appetite after continuous market rout may brighten the AUD/USD             long scenario. Trade plan is to get long AUD/USD             on pull back near 0.7005 and take it from there. This might dovetail well with a minor pullback in equities ( taking about S&P             futures )near 1925 / 1930 before eventually rise near 1950 or higher.

Besides our USDCAD             log put on a stellar             performance by netting +200 pips. Also getting 20 pips to start a day from EURUSD             long is also not bad :)
Trade active: Got filled and now taking 10 pips profit with half position.
Trade closed manually: closed at 0.7038. We think, same trade is still alive. So will be waiting to reenter on pull backs near 0.7015.
Also another interesting development is in AUDJPY. Buying dips is preferred for retest of 84.
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