Oh what a range, what a beautiful range!
Sorry for the "Mad Max" reference, such a great movie!
AUDUSD has one of the best ranges I've seen yet! it's just shy of 100 pips, if you're a range trader than feel free to take advantage on buying lows and selling highs of this 100 pip range, keep stops tight because when this breaks out it's going to be probably with some good momentum.
Once the range breaks, I'm looking for at least 100 pips either direction.
A break above 7700, I'm targeting at least 7800
A break below 7600, I'm targeting at least 7500
It's really that simple, trade the range until it break, then trade the h'word out of the break!
AUDUSD has one of the best ranges I've seen yet! it's just shy of 100 pips, if you're a range trader than feel free to take advantage on buying lows and selling highs of this 100 pip range, keep stops tight because when this breaks out it's going to be probably with some good momentum.
Once the range breaks, I'm looking for at least 100 pips either direction.
A break above 7700, I'm targeting at least 7800
A break below 7600, I'm targeting at least 7500
It's really that simple, trade the range until it break, then trade the h'word out of the break!
Jared Johnson
Union Hedge Funds
Union Hedge Funds