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AUDUSD Position Trade

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  • AUDUSD Position Trade

    I just took a long AUDUSD position that I plan to hold and add to if it moves in my direction. I waited for a move to 61.8 retrace from the bottom on July 3 from last nights high at .9154. I've always wanted to try to catch a "runner" so it will be interesting to see how this goes. I'm already up 7 pips as I type this....wooohooo!...;-)

    Wish I could say the same for the GBPNZD short I am currently fighting with...hehehe

    I'll be posting some analysis and the reasons for this entry later on...stay tuned...:-)

    Happy Trading!

    "The trend is your friend - until it bends at the end"