AUDUSD RANGE TRADING

Range Trading
0.7300 is the range bound for the current price move.
Look Left, The previous Structure indicate lots of Selling
Pressure at this level.
RSI already shows the momentum is getting weaker.
Short audusd at 0.7290-0.7300
SL: 0.7320
TP1: 0.7200
TP2: 0.7100

Trade closed: stop reached:

Stop Loss Hit due to Holiday Spike.

Comment:

Lose 30 Pips. Stopped at 0.7320

Trade active:

Re- Enter Short Position at 0.7220, SL 0.7240
Pin Bar formed. that's the reason

Comment:

Correction: Re-enter at 0.7320, SL 0.7340

Comment:

Happy new year 2016!

Comment:

Now the re-enter position at 0.7320 is a big winner

Comment:

TP1 HIT, NOW is going to TP2

Comment:

TP2 IS REACHING

Trade closed: target reached:

TP 2 HIT. NICE TRADE. NICE PROFIT

Comment:

Very good , After we Take profit at TP2, The price went up quickly
This shows a important rule:
You must know when to take profit in trading!