Hi Traders

I really loved the comp month I didn't make the prize but I learnt a lot and it was great fun.

This month, each day I will be posting what I consider to be the best trade of the day.

So without any further ado here is the trade of the day:

AUNZD

This pair is really looking good, it is currently bouncing at the edge of the hour trend line. We are in the buy zone for the london session.
Placing all stops below the low around 1.12165 and profits at 1.3340.
Supporting evidence
1. Nice bullish engulfing 4 hour candle as per chart, and which almost creates an equally nice morning star.
2. We in the buy zone inside the london session
3. Follow up later with retail sales expecting .3% increase from last months 1%

Thats a whopping 90 pips.

Good trading to all. May the best trader win this month !

Giorgio
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