Will be shorting this pair.
Entry: 100.05
Stop: 100.25
Target 1: 40 pips (move stop to 20 pips)
Target 2: 60 pips (take profit)
Expiration: 10/12/2014, 0530 hrs (SGT) due to AUD Economic Announcement at 0830 hrs.
A little risky though as price is bouncing off daily demand.
Taking into consideration that price is high on the curve and the 4-hr is on a downtrend, I will still take the short.
Entry: 100.05
Stop: 100.25
Target 1: 40 pips (move stop to 20 pips)
Target 2: 60 pips (take profit)
Expiration: 10/12/2014, 0530 hrs (SGT) due to AUD Economic Announcement at 0830 hrs.
A little risky though as price is bouncing off daily demand.
Taking into consideration that price is high on the curve and the 4-hr is on a downtrend, I will still take the short.
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