I have added to this position several times as it has fallen and now have a net open of around 0.8646. I intend on closing all the positions down around the 65-70 level for net profits. If the AUD looks like it is going to break the level I may let it run and hold our for more. Being that it is Friday, the markes can be unpredictable so I suggest caution. Typically if there is going to be a reversal we will see it around 10:30 to 11:30 am eastern. I will probably not add any more to the position unless it falls down to 8530-50 area. Don’t expect to see this happen as the daily range has been put in and then some but you never want to put boundaries on the market.
Dustin is recognized as one of the top Forex traders and education authorities in the world today. As the President of Forex Traders Daily he has helped thousands of traders learn how to profitably trade the Forex market. Dustin's goal is to help you achieve your financial goals faster and easier than you ever imagined. You can follow him and Forex Traders Daily on: Twitter, Facebook, and Youtube.
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Author: Dustin Pass
Dustin is recognized as one of the top Forex traders and education authorities in the world today. As the President of Forex Traders Daily he has helped thousands of traders learn how to profitably trade the Forex market. Dustin's goal is to help you achieve your financial goals faster and easier than you ever imagined. You can follow him and Forex Traders Daily on: Twitter, Facebook, and Youtube.
