Thread: USD bears 2
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Old 25-02-2004, 18:52   #9
novice
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AUD/USD

Same signals as the EUR/USD.

But a better trade for me because of risk management (e.g. 100,000 AUD/USD is a lot smaller than 100,000 EUR/USD in relative terms).

Bullish divergence between price and MACD-H (bottom blue line)

Relative high at 0.7819

Place a buy stop 1 tick above at 0.7820 (top blue line)

If AUD/USD downtrand reverses stopped in, if not you lose nothing.
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