After making higher high and retracing 50%, Aussie is now ready to make another bull wave towards 0.73. With flat stance of RBA towards interest rate increase, we should expect some rebound in this market
Date: 10/30/2015
Pair: AUDUSD
Price: 0.7106
Trade: Buy Market
Lot Size: 0.01
Stop Loss in Pips: 50
Take profit in pips: 250
Risk of Equity: 2%
My Trading Checklist
ARE THERE MAJOR RISK EVENTS TODAY/THIS WEEK: No
Is the market risk off or on? SP500, DAX, NIKKEI. Are the down or up: Risk On
Is this trade with the trend?: Yes
Did I see it yesterday?: Yes
Is this a pullback measured by Fibs?: Yes
Am I buying support?: Yes
Am I selling resistance?: N/A
Is this entered during London’s session?: Yes
Did the price pulled back from 200MA on 15Min?: Yes
Are stochs extreme on multi charts?: Yes
Where is the price in terms of Pivots Points?: Support
Date: 10/30/2015
Pair: AUDUSD
Price: 0.7106
Trade: Buy Market
Lot Size: 0.01
Stop Loss in Pips: 50
Take profit in pips: 250
Risk of Equity: 2%
My Trading Checklist
ARE THERE MAJOR RISK EVENTS TODAY/THIS WEEK: No
Is the market risk off or on? SP500, DAX, NIKKEI. Are the down or up: Risk On
Is this trade with the trend?: Yes
Did I see it yesterday?: Yes
Is this a pullback measured by Fibs?: Yes
Am I buying support?: Yes
Am I selling resistance?: N/A
Is this entered during London’s session?: Yes
Did the price pulled back from 200MA on 15Min?: Yes
Are stochs extreme on multi charts?: Yes
Where is the price in terms of Pivots Points?: Support