MarkFletcher

AUDUSD long on daily chart off bullish kangaroo tail

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
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2
Long off yesterday bullish kangaroo tail. Got long this morning at 1.02166, stop is at 1.01041 and I have 2 take profit targets, only one of which is shown on this chart. The first is 1.03289, and if hit will move the stop to breakeven on the remainder of the position. The second is shown on the chart at 1.03998.

Comments

Agreed, templedanielson. In fact, I have another cheeky long on at the moment, although I never got round to posting a chart for it. This trade was exited as shown here but then I got back in. I am a little nervous about the larger-scale picture on this but there's no arguing with Mr. Market...
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I also think there is more to get from this long
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Bottom well spotted
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Second target was hit on Friday, this trade is done.
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First target has been hit, stop is now at breakeven for the second part of the trade, with target as shown on the chart.
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