Sunday, 31 May 2015

Weekly Update 01/06/2015

Recap on last week's trade ideas: NZD/USD order expired. The price pair did track lower on the basis of broad USD strength. GBP/AUD netted a healthy 300pip gain. An inside bar signal has formed again with a hammer pin at the key 2.00 level. Will stand aside for the time being and see how this scenario plays out.

Upcoming trades:

AUD/JPY
Contract Size: 100000
Currency Pair: AUD/JPY
Spread: 0.5
BPV/Pip: 0.01
Position: Short
Trade
Entry: 95.29100
Stop: 96.00000
Modified Stop: 96.02000
At Risk (BVPs): 72.90000
Target(1x): 94.58200
Target(2x): 93.87300
Target(3x): 93.16400
Target(4x): 92.45500



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