TraderHank’s update on USDCAD position and new short position in AUDUSD

Share Button

My trade in USDCAD finally trigger late yesterday afternoon.  I let the trade run all night long and price never bounced like I expected.  The price action was just consolidating allowing the moving averages to catch up.  I let the trade run until about noon with no luck so when I noticed the extended move made in AUDUSD I decided to take my tiny profit and throw my net out at the 1.0524 area which triggered a short an hourly later.  I like this long extended move up way away from the 20 ma and breaking major support.  This picture does not show it but price has already put in a topping tail and I’m in profits already.  I’m looking for a 40 pip profit on this new postion short in AUDUSD…  

forex
forex
This entry was posted in Forex. Bookmark the permalink.