Far from a perfect trade but I am looking for further upside on the AUD/USD.
I am long AUD/USD @ 1.0040 (100 pip stop).
It's currently sitting about 13 pips in the red which is not good; but I am going to hold on and see what happens!
Edit: Stop was missed by only 3 pips! Trade hangs in there at the moment... just!
2 comments:
Hi Dan i have been looking at this pair as well, do you think your trade failed because the trend is running out of steam as price made a lower swing high?
Hi bez3000,
I jumped the gun a bit with my blog post. I didn’t even check my account yesterday – just looked at a chart on Metatrader and thought “oh b******s”! Logged into my account today and turns out my stop wasn't triggered... it missed it by a couple of pips so it's just about hanging in there at the moment!
I must admit though I wouldn't be entirely surprised to see the trend turn around here... it certainly has shown weakness lately.
Regards,
Dan
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