Entry order to go long EURUSD from 1.3280, long AUDJPY
Yesterday I went long the AUDJPY from 73.00 (as per the Real Time News feed) with a stop at 71.95 as I think that 'risk' is generally going to move higher. I think the EURUSD could likewise continue to rally, and I like buying a dip towards 1.3280.
I'll place a limit entry order at this level with a stop below recent lows at 1.3150.
Obviously this is a wide stop so low leverage is essential, but I think there's good risk of an important EURUSD bottom. - David Rodriguez, Quantitative Strategist for DailyFX.com
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