Short EURAUD @ 1.5296

Short EURAUD @ 1.5296December 23, 20135.35 gmtMarkets are quiet as expected. But the AUD is moving, the retail crowd is betting on a rebound. Since the Euro is weak, that translates into a strong move in EURAUD down. I have therefore gone short as follows:Short $5/pip EURAUD at 1.5296, SL around 1.5385.This also serves as a good hedge against my AUD short. The trick will be to get out at the right level, and hope the Aussie doesn’t do it’s beach-ball trick!About these adsShare this:Email Print Facebook Google RelatedFrom → Trades

via Zen and the Art of FX Trading:

5.35 gmt

Markets are quiet as expected. But the AUD is moving, the retail crowd is betting on a rebound. Since the Euro is weak, that translates into a strong move in EURAUD down. I have therefore gone short as follows:

Short $5/pip EURAUD at 1.5296, SL around 1.5385.

This also serves as a good hedge against my AUD short. The trick will be to get out at the right level, and hope the Aussie doesn’t do it’s beach-ball trick!

For more info: Short EURAUD @ 1.5296

Zen and the Art of FX Trading

Short EURAUD @ 1.5296

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