Thursday, 27 June 2013

Coming to financial year end 12/13

Good evening traders. We are one day out from the last business day of the financial year. Docket is heavy with US data:

- jobless claims
- personal consumption
- home sales

Have taken a short position on a symmetrical triangle formation on EUR/AUD - trading with the down trend and a basic inside bar break out price action signal. With key data on tap, stop is tight.

Entry @1.39957 with a stop @1.4029. Strategy will be quite tight. After initial move of 20 pips, will tighten the stop to break even.


Looking for some continuation into key support area @1.3824. Good luck trading out there all.


No comments:

Post a Comment