[TW] 13-2-2012 long AUDUSD by Jabroni


Long or Short: LONG

Entry Point: 1.0680

Stop Loss: 1.0610

Profit Target/s: 1.0830

Reward-to-risk Ratio: 70 pips vs 150 pips (over 2:1)

Risk percentage: 1%

Indicators: 100SMA (red line)

Trade Rationale: trade is consistent with the long term uptrend, support should hold at the 100SMA or the 1.0680 level (S|R)

Trade Adjustments: as always, i’m moving my stop to BE when im up by 70 pips (same distance as my SL).

It was short.

nope. i went long. +50 pips at the moment.

100SMA support