This week has been quite eventful with RBA's decision to cut interest rate by 0.25% on Tuesday, the UK general election on Thursday and USA's non farm employment change (NFP) on Friday. As the result, price action has been very messy for many pairs. GBP pairs in particular have seen gaps during election day.
AUDUSD
The remainder of my short was taken out when news of interest rate came out. My stop at the time was at 0.7910
Trade summary:
TP1: +130 pips, exit 60%
TP2: +40 pips (trailing stop hit), exit 40%
Final RR for the trade is 0.75
AUDNZD
The daily uptrend continues from 2 weeks ago. Overhead resistance is at 1.0770 and support is at 1.0540 . If price retraces back down to support then I will be looking for opportunities to go long on the smaller time frames.
AUDUSD
The remainder of my short was taken out when news of interest rate came out. My stop at the time was at 0.7910
Trade summary:
TP1: +130 pips, exit 60%
TP2: +40 pips (trailing stop hit), exit 40%
Final RR for the trade is 0.75
AUDNZD
The daily uptrend continues from 2 weeks ago. Overhead resistance is at 1.0770 and support is at 1.0540 . If price retraces back down to support then I will be looking for opportunities to go long on the smaller time frames.
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