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Trade Ideas

Trade Idea – 16 April 2013 (08.15 UK Time)

Good morning traders!

Here is my preferred trade setup for today:

Sell AUD-USD at 1.0410; Stop loss 1.0425; targets at 1.0368, 1.0337, and 1.0312. I suggest moving stop to B/E if the trade moves in favour by 20 pips.

As always I would like to see clean arrival into the level. If the price action hesitates just before getting into the level then I will not take this trade.

audusdh1 16 april 2013(1)

We will come back and review later in the day if the trade gets triggered.

If you want to know my reasoning behind this or want to share your views and opinion you are very welcome to contact us.

Happy Trading!

——————————————————————————————————————————Please note that the ideas presented here are for educational and discussion purpose only. There are no guarantees that these ideas will work. If you take trades based on these ideas, you do so at your own risk and with your own accountability. Trading financial markets and risks as well rewards associated and any past precedence of a particular strategy or approach working may not necessarily work in future.

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