Wednesday’s Currency trade

Ok, again, I am going to reveal a ‘trading secret’. ‘Go long when market goes up.’ Cool?

Back to business. There were not too many opportunities today. I missed the short of GBP/USD, because I was busy having dinner : . I went long of AUD/CAD. Yup , again. I saw a stronger Aussie and weaker Canadian dollar. Exit the trade after waking up in the Melbourne morning before I am heading to work. Just a +25 pips trade.

Aussie is still looking strong, my gut feeling tells me it should continue moving for a little while. But well, too bad, I have to exit the trade now.

Here is the……CHART!

From the desk of Tradergav.com