I'll be scouring the charts for "actionable masterpieces". These will be signficant chart patterns or set-ups that I feel are not only tradeable, but also have a high probability of making big profits with little risk. Whenever I spot an "actionable masterpiece", I will post an annotated chart (my chart art) along with an explanation. My goal is to help you learn how to spot these low ocurring but highly profitable "actionable masterpieces" yourself.
Trade Update: Sell AUD/USD
Reserve Bank of Australia Governor Glenn Stevens left the interest rate unchanged at 6.25 percent for a fifth straight meeting. The market immediately sold off after this. The RBA doesn't issue a statement when it leaves interest rates unchanged but will issue a new forecast in its quarterly statement on monetary policy on May 4.
Our two trades have moved back in our favor dropping recently back to recent support of 8240. It's time to move our stops! I'm moving both stops to breakeven. So the first trade, the stop loss (SL) is now 8300. And the second trade stop loss (SL) is now 8330.
