Finally first take profit area has been taken out and price is headed for the final take profit area of 1.05110. I’ve lowered the final profit area just a bit to make the trade profitable. As I mentioned yesterday I lost 2 lots during the Fed announcement, Next time I’ll take the $2 loss and re-enter the trade after the announcement. I won’t do this for Europe since I’m asleep and not around but I could have really made this trade profitable Vs. just a break even trade. Here is the update chart on my counter trend play in AUDUSD…
AUDUSD12132012