AUDUSD SELL 1.0524 – August 14, 2012

AUDUSD SELL 1.0524 – August 14, 2012

A Sell Signal for AUDUSD was issued at 1.0524 on July 14 with the emergence of a 4 Hour Moving Average Crossover as the pair shows signs of resistance.

Target 1 was 1.0480 / Target 2 was 1.0400 / Target 3 was 1.0025

audusd-sell-14082012-entry

audusd-sell-14082012-entry

 

AUDUSD fell soon after the trade was issued and hit Target 1 at 1.0480 which was positioned just above the 1.0473 Macro Level.

audusd-sell-14082012-target1

audusd-sell-14082012-target1

 

The AUDUSD pair then moved up and down until it closed for the 3rd time under the 1.0473 Macro Level, which at that time, fell to Target 2 at 1.0400

audusd-sell-14082012-target2

audusd-sell-14082012-target2

After hitting the 2nd target, the AUDUSD pair continued to fall to below the 1.0240 Macro Level and was finally stopped out at 1.0240

audusd-sell-14082012-target2past-macrolevel

audusd-sell-14082012-target2past-macrolevel

The trade generated 270 Pips, making it another successful trade using Traders Elite Forex Signals.

This post is a summary of a trade Traders Elite issued and is for educational purposes only.

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