A nice break out of the weekly pivot, with both the long and short GMMA pointing downwards. Following the previous AUDUSD trade where I failed to take a 100+ pips profits (which became a loss), I decided to set a target price based on last week’s low. Sadly, the pair shy away from the target by 5 pips! In the end, my 200+ profits turned into an 84 pips profit.
Shorted at 1.2405 on 24 May 10.
Covered at 1.2321 on 27 May 10.
Profits = 84 pips
You may also like:
- EURUSD – closed on 20 May 10
- EURUSD (long) – closed on 28 Dec 09
- EURUSD (Short) – closed on 2 Mar 10
- AUDUSD (Long) – closed on 18 Mar 10
- USDCAD (short) – closed on 8 Dec 09
- AUDUSD – closed on 26 May 10
- EURJPY – closed on 17 May 10
- USDCHF (Long) – closed on 24 Feb 10
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