AU Employment Change Retracement Trade (+50 pips)


The Australian Employment Change release came out at 44.0K, much higher than the expected 6.4K. The AUD/USD spiked up about 50 pips immediately after the release. We waited for a retracement back down to the 1.0350 level and entered to go long on the AUD/USD pair. After a little over an hour, we closed the trade with 20 pips of profit, but many members kept the trade open as suggested by Henry and the trade eventually hit the set TP at 1.0400 for 50 pips of profit.

About Henry Liu

My name is Henry Liu and I am a Forex Trader and Mentor. I help traders achieve consistent income trading Forex while spending less time trading. My focus in trading is a combination of Fundamental Analysis, Technical Analysis, and Market Sentiment. Far too many retail Forex traders concentrate on just one aspect of trading, technical analysis, and ignore everything else; it is my goal (and vision) to educate every trader on how to take advantage of news trading and become more balanced traders.

You can find more information about me on my Google Profile.

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