Australian Dollar / U.S. Dollar

Short

AUDUSD Short within channel

Updated

I am seeing the AUD follow the fortunes of the S&P at the moment. The S&P seems topped out at 2733 and prime for a fall within the next two weeks. My approach presently will be to see if the AUD rises to the top of the channel and then sell it.

Trade closed manually

I bought at 75.66 and sold at 76.15. Now waiting for reversal.

Note

Sell 76.35

Note

Stopped out at 76.55.

Note

Sell 76.535

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Stopped out at 76.535 after I was ahead 45 pips! I shouldn't have let it run overnight.

Note

Sell 76.521

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