AUD/USD Trading Plan, February 1st 2013 (English Language)

Hello traders,

this morning I worked on a trading plan for the Aussie, i.e. the Australian Dollar versus the US Dollar and I am sharing it with you in this post. I think there is an opportunity evolving right now in this forex pair.

Please find attached the video-analysis recorded in the morning for AUD/USD for today February  1st, 2013:

This pair found support in the 1.0380 area and can now move all the way into the top of the range at the 1.0580 area (please, refer to the below picture):

AUD/USD daily timeframe analysis and trading plan - February 1st, 2013

AUD/USD daily timeframe analysis and trading plan – February 1st, 2013

Entry is here (as I prepare the chart and record the video) above 1.0380 with a stop (aggressive) below 1.0370. A more forgiving stop (moderate) would be below daily lows, ie. below 1.0355.

A good long opportunity is unfolding here. Please let me have your thoughts. Thank you.

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If you intend using this information for your trading please do your own diligence, find the advice of a trading professional and trade at your own responsibility. The information provided is for educational purpose only. Please read the Disclaimer and accept all the risks. Thank you.

Have a good day

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2 Comments

Filed under English language, Forex, Trading Plan, Weekly review

2 responses to “AUD/USD Trading Plan, February 1st 2013 (English Language)

  1. shen139

    seguirò alla lettera le tue indicazioni a apertura dei mercati 🙂

  2. Ciao Stefano, cautela pero’ il mercato puo’ sempre fare l’inatteso… 😉

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