[TW] 03-26-2012 AUD/USD short by monstapips

AUD/USD: 4 hour chart

Long or Short : Short

Entry Point: 1.0465

Stop Loss: 1.0540

Profit Target/s: 1.0350

Reward-to-risk Ratio: 115:75 (roughly 1.5 to 1)

Risk percentage: 1%

Indicators: Stochastic (9,3,3)

Trade Rationale: I think with all the concerns about China, we could see risk aversion stay in the markets. I’m looking to short the comdolls as these seem to be the most affected by poor chinese data. AUD/USD also seems to be trending lower as of late

Trade Adjustments: none