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KaizenTrader
Aug 4, 2015 1:49 AM

Readying to short the spike on AUDUSD Short

Australian Dollar/U.S. DollarFXCM

Description

There is no guarantee that my orders will be hit but I see this as the best way to trade the volatility resulting from the RBA event risk today. Retail is heavily biased long so a dramatic and most importantly continued move upwards is unlikely.
Comments
KaizenTrader
This entry was manually closed once I noticed how powerful the bullish momentum was once it reached my target. Still should be looking to short this pair at higher resistance levels.
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