The Oz has stopped dropping for now, and appears to be sitting at the bottom of a rising channel. This is a good place to put on a long if it can get above the highs of the last few hourly bars. If it breaks the recent lows, the idea will be proven wrong, so that's where the stop-out will occur.
Pending order(1): Long 7042 AUD/USD at 0.6747
Pending order(2): Short 3521 AUD/USD at 0.6814
Initial stop: 0.6680
Initial exposure: 67 pips, $47.18 or 15.00%
Current closed equity: $314.54
Current position: flat
Current exposure: 0
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