AUD/USD

Just about broke out...use tight stops


dl.dropboxusercontent.com/u/4899609/audusd6thmarch.png

Keep an eye out for a 123 low breakout.9079 is the 123 low breakout point but id go long above 9086
This area has strong resistance so if it breaks it could be powerful.



dl.dropboxusercontent.com/u/4899609/aud24thfeb.png

Yes reasoning is perfect: in essence you were shorting the $ so you would get funded.

Hi Libero,

I can't answer your question but the daily chart from yesterday's close looks like a breakout:



dl.dropboxusercontent.com/u/20815047/AUDUSDdaily04_02_14.png

It's backtested perfectly so far at 0.8873 so stops below that for a long.

Folks,

Not sure if my eyes are deceiving me, but having just closed an AUD/USD trade via IG Markets (@ 0.89355), I noticed that in addition to the "winnings", I was also "credited" with a funding fee too.



Don't get me wrong, it was a welcome addition, but usually for my CfDs and other Forex trades (GBP, CHF, and EUR as I recall), I would be paying a "funding" fee.

Could this be to do with the pair - in that I was long AUD, but the trade currency was USD; thus, the funding fee would be negative for IG rather than myself?

Cheers!

Stopped out