Wednesday, March 14, 2012

AUD/CAD Update

This trade is going well.....my first target has been met, I've taken some profits and my stop on the remaining portion has been moved to a profit position so that I am now in a risk free trade.
I will continue to monitor the price action and act accordingly but I am now running a 40 pip trailing stop and hope that will enable me to ride the trade all the way down towards the bottom of the weekly wedge.

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