Master the IBWT pattern

Want

Get it now (risk-free)

8 patterns that make up 98% of my PA income

Get it now (risk-free)

Learn the Scalping Secrets

Get it now (risk-free)

Read on Mobile Enter Reading Mode

AUD/USD Trading Idea

Posted on Jun 29th, 2016

by colibritrader

AUD/USD Trading Idea

Dear AUD/USD Traders,

It has been a wild trading period. I have been trying to stay away from the markets for the most of the time during the BREXIT, with the exception of my GOLD trade from the 12th of June. It has been one of the best trades so far this year. Just before the BREXIT, I did took half of my profits. Now, I am still running the other half and don’t see an obvious reason to take profits. I hope that you did stay away from trading before the BREXIT event, as I did suggested in my latest trading post. In case you have been trading, I hope you were on the right side of the trade.

The AUD/USD trading idea from today is another long signal. The two last daily candles fully engulfed the previous day’s bearish candle as you can see from the chart. This pattern formed just above the 0.7300 area. I am looking to go long at around 0.7400. My stop-loss would be placed just under 0.7300. My first target is the level of 0.7600. Then, depending on price action we might stay or close the position.

Happy Trading,

Colibri Trader

p.s.

In case you have not seen my latest infographic on how to switch off from trading during your vacation, please have a look HERE

Leave a Reply Cancel reply

Disclaimer: Any Advice or information on this website is General Advice Only - It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By Viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here by Colibri Trader Ltd, its employees, directors or fellow members. Futures, FOREX, CFDs, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures, FOREX and CFDs markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, spot forex, cfd's, options or other financial products. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.

High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.