Note: You can place a limit order to buy or sell at a future price in advance is most brokers, so you do not need to keep watch on the charts all the time.
Thursday, July 10, 2008
Upcoming Trade: AUD/USD
The release of the news on Thursday morning had suddenly brought the AUD/USD to its resistant point again. There is an opportunity to get in short at around 0.9630 - 0.9640 region. SL would be above 50 pips (above 0.9680 region), and T1 being 0.9500, and T2 around 0.9400 - 0.9350. Risk: Reward ratio on T1 is not really fantastic on this one, but the resistant mentioned does seem to be a strong one. Trade with a smaller lot size :)
Note: You can place a limit order to buy or sell at a future price in advance is most brokers, so you do not need to keep watch on the charts all the time.
Note: You can place a limit order to buy or sell at a future price in advance is most brokers, so you do not need to keep watch on the charts all the time.
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