DESCRIPTION:
Today the AUD/USD pair has already trapped between the 1.0413 and the 1.0450; and all three Moving Averages do not give us a clear direction where the market will be going. In this situation we can trade with just trapping the market from the upper and the bottom sides.
Recommendation:
SELL stop pending order at 1.0411.
Take profit is at 1.0396.
Stop loss is at 1.0422.
Or
BUY stop pending order at 1.0459.
Take profit 1 is at 1.0470.
Take profit. 2 is at 1.0488.
Stop loss is at 1.0441.
Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
https://instaforex.com
E-mail: Arief.jakarta@indo.instaforex.com
Disclaimer:
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
