TRADE SEQUENCE ll: SCALING UP Positions

"Ride a Continuing Trend"

The following series of trades are best defined with almost all respective positions on the AUDUSD, AUDJPY SGDJPY are in place; the next objective is to protect those gains by watching the reports real well this week.

Any sudden resurgence of the USD index higher above the 100.39 previous 1st high and 100.31 20d high would result to a pullback lower on the AUD and the SGD respectively. However, for as long as the overall secular market sentiments remain in favor of the USD, the degree of price recovery may well be in check. The Asian currency choice was pre-determined as the best probable choice compared to the European majors underlying negative / bearish sentiments. 

TRADE SEQUENCE ll: SCALING UP Positions