BlkRk Says Buy USD on Dips... AUD sell with TRAILING STOP!!!

The view from fund managers is still very bullish USD, and this Aussie rally gives a great opportunity to sell the Aussie dollar at a relatively high price to recent trading.

This trade has a potentially fantastic risk to reward. We're looking to trail the stop, and secure 50% of the position at a 1:1 risk reward.

Please note that using a trailing stop loss has been proven to be a winning strategy of itself - adding your own analysis can add further edge.

Here' we're looking at a recent bearish structure break combined with trading below the 1H 21 period moving average.

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