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Thursday, September 30, 2010

Trade Alert for AUD/USD and GBP/USD

Good Afternoon Traders,

I only have but a minute here, so let me quickly go over the orders I have placed, and later I will expand on them.

First I have place 3 orders to sell the AUD/USD.  I sell one unit at 0.9655, one at 0.9665, and one more at 0.9685 should price get to that level.  The stop loss is 0.9718 for all 3 units.  I am taking profit at 0.9600, 0.9560, and 0.9520. (C049IS)

For the GBP/USD I plan to sell 3 units as well.  One at 1.5765, one at 1.5790, and one at 1.5810.  The stop loss is 1.5843 for all 3 units, and the take profit levels I am looking for are 1.5670, 1.5610, and 1.550. (C050IS)

I will write a little commentary for my trade later in the afternoon, and as always will twitter when it has been posted.

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From the Desk of
Aaron Reid
Forex Strategist

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