0.7690 is giving good support. I closed out this trade at 0.7709, 14 pips profit.
Original trade:
Shorted AUDUSD at 0.7723
Stop level at 0.7803
Target level at 0.7643
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Forex Education
About
Forex Educator used to work as an investment manager in a hedge fund whereby his job was to generate revenue for the firm using forex trading.
Now he specializes in teaching real people how to trade the Forex market for long term financial success. He is a full time currency trader, educator and success coach to many forex traders. To read more about his Trading Education Program, click here.
Forex Educator is the founder and CEO of TradingEducationProgram.org, a forex powerhouse online portal that provides premium forex trading tips and resources. It strives to empower people worldwide to improve their forex trading skills and help them path their way to financial freedom.
His forte is in forex trading, forex market analysis, technical analysis and creating simple, yet powerful forex trading systems. He believes that forex trading is a MUST for long term financial success because stock investment is no longer an answer to enhance your wealth management. He believes we will face a long term recession which will depress the stock market for a long long time.
Forex Educator had graduated with Bachelor of Business (Economics and Finance).
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Forex Trading involves substantial risk of financial loss. www.BestLearnForex.com is designed as a reference for traders and a presentation of trading ideas. Users are advised to be carefully consider whether trading Forex is appropriate for their in light of their experience, objectives, financial resources and other circumstances.
U.S. Government Required Disclosure - Commodity Futures Trading Commission. Forex, Futures and options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures or options.
No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on the website. The past performance of any trading system or methodology is not necessarily indicative of future results. CFTC Rule 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under or over compensated for the impact, if any, of certain market factors, such as lack of liquidity.
Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.
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