Let The Trend Be Your Friend ..........!

Okay so we are active on this trade and got filled @ 1.42 We have been waiting for over a week for this to hit our entry target.

Please see previous post re: this pair for a more in depth explanation .

TP1 @ 1.39

TP2 @ 1.37

Stay tuned !!!!!!!!!!!

Trade active:

So here shows the sell zone we got in, and our Buy zones to get out , Aussie figures released during the Asia session were impressive, this will help the trade along nicely.

Keep chasing those pips .........

Comment:

Trade closed manually:

Okay so for now we will take some profit for these reasons:

1. RBA minutes were not that great (out during Asian session )
2. China slowing is impacting the commodity based currencies right now
3. We expect this to tick higher Short term intraday, and were not in the business of giving back the MKT too many pips

So we will close for a profit, and get back in at a good price again, to watch it tick lower over time ,

Happy trading........

Comment:

We will start selling again @
1.4140-50 area

Stay alert .....

The pip hunt continues

Trade active:

Okay so we got filled @ 1.4140
Be patient with this as there is aussie weakness right now , and when the time is right , this being a popular carry trade it can move very quickly ....

We will keep you updated ....