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TheBulltrader
Jan 25, 2017 1:08 AM

Trade 2: AU Short Range Delta Short

Australian Dollar/U.S. DollarFXCM

Description

Shorting the Aussie Dollar as we are overbought on the Daily. Trading this purely from indicator.

Comment

Closed my original short for -1.4%; I the bought audusd for the breakout and made 4%. I have then reshorted at .766 for my longterm short position as indicator is still overbought.

Comment

Holding my second position I'm using small leverage. Waiting to add larger positions higher.
Comments
TheBulltrader
update: AU turned bearish on indicator but has rebound into a green candle. My bearish position is now closed and am expecting a breakout higher now


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