In today’s video I take you through what is happening in the Australian Dollar / US Dollar (AUDUSD) long trade. As you know the aggressive trade was triggered early yesterday at 1.0231 (UP 136 pips) and the more conservative trade was triggered on the close of yesterday at 1.0278 (UP 90 pips). As of right now the initial stop loss (ISL) was moved from 1.0164 up to 1.0274, which means the aggressive long entry is locking in 43 pips ($430 per standard contract) and the more conservative trade is only risking 4 pips. The first profit objective is up at 1.0386 for 60% of the position. The market has hit 1.0388 but I failed to put my sell limit in before it hit that number – my mistake. Let’s see what happens and be sure to watch the video for more details. Have a profitable day and a great weekend!
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