Our AUD/USD forex trade from this mornings live session has paid out pretty nicely at this point having moved from the high of .8820 down to .8865. I personally got in at .8808 and will likely hold for a while longer however I recomend to lock in some profits at this point. Our short term target is .8750 and my longer term target is .8627 but do to event risk comming up next week I will not hold into a negative position.
So for now you can take some or all off the board for a nice 40 pip run or you can hold out as I will. I want to reiterate that regardless what you do you should not allow this position to go negative. A this point the USD/CHF levels we were wathcing will likely not get hit today so I am suggesting at this point to ignore those levels and we will reassess on Sunday when the market opens.
If I dont post again befoe the end of the day have a great weekend.
