AUDUSD – Climbing Higher?

02 Jul - AUDUSD Daily Forex Chart

(Click on image for larger view)

Hi Traders,

A quick update on the Aussie. As mentioned on the 15th June (see article), I was looking a the range market and price was testing the top of the range. As price was in a sideway market since early April, it was uncertain if price would move higher. While my bias was bullish, no one really knows when price will move. However, yesterday, price finally broke higher and I’m looking forward to take some long setups from now.

Happy days!

Protecting Your Account

If you are a range trader, I hope you managed to capture some good trades. If not, that’s ok too. Because protecting your money is important too. Don’t get me wrong, both the range and trending market can be profitable but, more importantly, you need to know why and when to trade, and why and when to sit aside. In other words, you need to know your trading edge.

Anyway, thank you for reading and happy trading!!

Ps. Gentle reminder that the Non-Farm data will be released on Thursday instead of Friday.


Leave A Response

* Denotes Required Field