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Filtrar por etiquetas:  Long AUD/USD
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Not feeling to sure about my strategy at the moment

My strategy this month is to try to sell the Gbp and Eur crosses as high as possible for retracement profit
My targets to go short Gbp/Nzd and Eur/Nzd were hit and I am short these crosses now
The prices got near previous highs and the daily charts tell a story of unwillingness to break higher,
still I feel uncertain as the prices fail to drop and Nzd is still weakening,
seemingly unable to defend 0.65 -- this could mean trouble for these crosses
I am long Aud/Usd after today's retracement, but …
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Plan working out perfectly this month, bit of luck

My plan to sell crosses that seemed overbought is working like a charm
I had sell positions in Gbp and Eur crosses with Nzd and Aud
I am lucky that the Gbp/Aud short position was opened, and not a Gbp/Nzd or Eur/Nzd position
Yesterday comments by the bank of Australia indicate a change to the upside for Aud
I had decided to open a long Aud/Usd and a short Eur/Aud yesterday before last nights decision,
as I was already short Gbp/Aud, and Aud seemed very low - fundamentally and technically to me
I…
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