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EUR/AUD Strategy

Posted on March 16, 2011 at 9:03 in Medium & Long Term Techs, My Trading Diary by César B. Leiceaga

Buying this dip at pivot+trendline support around 1.4040, adding to the position if we get a retrace to 1.3900/40 support+S1+Daily 200EMA. Stop placed at 1.3800 and TARGET at the top of the congestion area in 1.4270 - 1.4300 area.

Remember this is a medium to long term strategy so do not over leverage please! :)

Good luck!

César B.Leiceaga

Tags: aud, australian dollar, euraud, euraud technical analysis, euro, euruad 16 March 2011

3 Responses to “EUR/AUD Strategy”

  1. on 16 Mar 2011 at 10:39 pm1Lin

    Cesar, how did you work out so precisely?

  2. on 17 Mar 2011 at 2:03 am2leo

    cesar..if u did get in..u must be laughing all the way to the bank on this trade :-)

  3. on 17 Mar 2011 at 7:52 am3César B.Leiceaga

    Hi Leo,

    I did get in and closed at 1.4300. I was really impressed to be honest :)

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