Sunday, November 4, 2007

AUDUSD week 44

AUDUSD week 44


After retrace, this week AUDUSD offered excellent opportunity for profit on the break up.

Nevertheless price broke down below both MAs, fast MA turned up almost immediately after touching slow MA.
Entry point was place on the top of the previous peak, and after it was taken price moves fast offering opportunity to secure the trade moving the stop-loss at breakeaven.

The exit point was on the break down of the previous high. That's it.

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