Here's an idea I'm working on with one of my big influences over at ForexLive .
The idea is to fade the strength we get from the potential RBA rate hike, playing on te idea that the downtrend will resume.
ENTRY: .8910
STOP: .8970
TARGET: .8750
(EDIT: added 10 pips to the stop in order to give it a little more breathing room)
(UPDATE: Filled @ 14:40EST Monday )
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About Me
- Zeke Logan
- I'm a self-taught, individual trader, 30 years of age. I decided to start this blog to share trade ideas & thoughts about market action. I hope to invite criticism from those more experienced than myself, & questions from those just starting out in order for all to benefit. Zeke Logan is my way-cool alias. Also, in the profile picture above you can see my assistant, Azumi, the feline trading ninja. Her alias is Mieux-Mieux.
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