Check out the linked idea below, that is the main reason for this trade. I'm trying to build up a position for the long term. The daily finally gives me a stronger signal to grab on, a W double top formation with falling momentum, at a very important resistance area. Targets are in the linked chart.
Comments
vlad.adrian
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stopped out on 01.07.2014 at 0.94760
ZenMasterFX
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Still in this trade?
vlad.adrian
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Yes, still in it. As I said, it's for the long term. stop is above last swing high. Bearish bias stands for the comming months
ZenMasterFX
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Good luck!
ZenMasterFX
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AUDUSD will go higher and higher. Good luck!
vlad.adrian
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Losing is part of trading brother...
vlad.adrian
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Higher and higher you say? Still in that trade?
ZenMasterFX
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OK. Fair enough. I think this pair is still very bearish. Based on weekly chart the bias is still up. Good luck to you! Cheers!
ZenMasterFX
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My 2 cents. We are still in a short term uptrend. Shorting here is not a good idea.
vlad.adrian
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could be, that's why my position is very small. I said it many times, it is not a trade, it's building a position