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AUD (Australian Dollar)

EURAUD TARGET REACHEDIf you look at some previous posts, you will see EurAud was one of the trades I was in. And it paid off. Final target was reached on Wednesday just before the CPI news release on Nzd and overall this position made me +6% of profit. It was the right thing to close most of the position at high and then at marked area as if Nzd news would turn positive, the whole trend could reverse. All of 3 positions together had a potential hitting +9%, however, my risk is lower than 1% / trade usually. If you got into this with me, well done. T
Long
by Tilen_FX
AUDCADHello traders, let's look at AUDCAD - a beautiful trade that has taken place. Simply explained - on 4H we are still in an uptrend and that means that a pullback from the high that has been made, should follow. Knowing that we can look for sell to buy set ups, with a lower risk of course. If we drop on the lower time frame, we can see the structure flip on 15 min, very high in the market. As I know my HTF bias is bullish - looking at a price, I expect, or better said - my task for a price is to come down to the first buy zone at least, while already being in a sell position. And down there, either the demand for a price will bring buyers back into the market, or the price will drop lower. What I would ideally like to see next is break of 0.91850 . A side note: As this is a counter trend trade, or reversal trade, risk is lower. Trade well, T
Short
by Tilen_FX