Cancel Open Orders: 2007-08-31 8:50
Cancel All open Orders
Have a great weekend everyone!
Trade Idea: 2007-08-30 18:30
Economists are expecting weaker Retail Sales and a stronger Trade Balance report. Mixed reports can cause short term volatility that can be dangerous to trade. I think if we do see a weaker Retail Sales number, that may outweigh and strength in the Trade Balance, and the Aussie may fall. This outcome would work in our favor as we are short bias on the pair as the 240 MA’s trend lower.
Because this is an event related trade, we will take profits quickly by closing half after 20 pips are gained…
Good luck my friends!