Posts Tagged ‘AUDUSD’
AUDUSD is giving a price and AO divergence setup on Daily chart.
Entry – 0.9200 Stop Loss – 0.9400, First Target – 0.9050, Second Target – 0.8850. I am going to trail this trade by 130 pips after the first target is hit.
Update - AUDUSD came within 10 pips of our first profit target. our SL was hit around the close of business Friday and out of the trade with 50 pips of profit in each position. I am expecting to see an re-entry sometime early next week.
Update – AUDUSD TP1 Hit, banked 50 pips, moved SL to BE for open position.
Update – AUDUSD TP2 Hit, banked 116 pips. Total 166 pips from this trade. Closed
I am looking to buy AUSUSD at 92 with SL at 91 and TP1 at 92.50 and TP2 at 93.16. As usual when TP1 hits move stop loss to break even for remaining positions.