TW 09-09-2011 - AUD/USD (SELL) by maxy300508

Thread Title: TW 09-09-2011 - AUD/USD (SELL) by maxy300508

Currency Pair AUDUSD, Time Frame Daily

Long or Short: Short
Entry Point: SELL STOP @ 1.0550
Stop Loss: @ 1.0685 (135 Pbs)
Profit Target/s:@ 1.0000 (550 pbs)
Reward-to-risk Ratio: 1 : 4.07
Risk percentage:2.5%
Indicators used:None
Trade Rationale:Price Action and 123 set up