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.
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