25 Nov 2014

SHORTING THE SYMMETRICAL TRIANGLE ON AUD/USD



AUD/USD H4

After RBA's Lowe comments about aussie still adjusting further, AUD/USD broke out of the symmetrical triangle formation and made a new 4 year low.

I went short at 0.8539 with a stop at 0.8621and target 0.8453; 0.8353 and 0.8217.

I am risking 2% on both of my accounts.

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