04 April 2013

AUD/USD : Pre-Trade

  • Possible good trade coming.
  • Upper edge of 1-1/2 year triangle on weekly chart is now nearby at 1.0520 (current 1.0470).
  • Be patient. Don't pre-position (tiring, by the time the real break comes you are exhausted). WAIT FOR THE BREAK. 
  • GTC buy stop-in > +1.0520.
  • If engaged, this will be good portfolio inclusion against short copper and cable. Perfect! Never mind the Risk On/Off inconsistency.

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