TheBull
Long

Hammer with a bullish move the next day

FX:AUDUSD   Australian Dollar / U.S. Dollar
God morning fellow traders!

Last time it reached this level was 2014-01-24!

Its a f**king great day! What we have is a hammer with a very long tail, indicating a strong momentum on the bulls.
Today we have a bullish move. This such a move that every body at the trading desk is waiting for!

So i will do 3 trades today only on AUDUSD             . I will buy either later today or tomorrow depending on how the market plays. Meaning that it has to close as bullish today. Otherwise i don't enter.

I have also marked where my first sell will be. At .38,2%. I can sell all of my three trades at that point, however, it all depends on how the markets plays out.

My second trade is at 50%, and;

My third is more of a long shot, not impossible thou but it is 78,6%.

I hope you have the best day ever!

Kind regards

TheBull
Update: 2014-10-03 Time: 16:30

It took my Stop Loss. No pain no game. I will evaluate and come back again :)
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No worries, still long on AUDUSD
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