AUD/USD Position Week 3

Back to hourly trading, guess i'm not ready yet to trade the daily (psychology and money management issue). 

1st and 2nd Trade (hourly chart)
Bought Aud at 0.9790 yesterday. For this one, i'll use trailing stop and just let the profit run..

Also bought at 0.9785 with a target profit: near Fibonacci 38.2 retracement at 0.9860.

We'll see how it goes... :)




Update Position

2nd Trade hit the target profit, a total profit of 70 pips :) not bad...


Still holding one position, let's see how far it can go









Update Position

Hit my trailing stop (one tick below the lowest previous 5 bar) close my 1st trade at 0.9870, a total profit of 85 pips :)

looks like fib 38.2 retracement become a resistance..

Should i buy if it breaks the up fractal? hmm... we'll see