This is a current Premium Members trade that we are offering for free...
Short AUD/USD at the current level of 0.7288, and our target level is 0.7014 to the downside for a nice potential move of 274 pips. We do see risk of a counter move up to the 0.7368 and 0.7486 levels, however, we like the opportunity for AUD/USD to move lower from here. This trade could take a few days, a few weeks, or even a few months. We are reviewing the charts for more trade opportunities as well.
Hypothetical Account size: $10,000
Forex pair: AUD/USD
Margin requirement^ (for 1 standard lot (Qty 10,000)): $218.73
Trade size: 3.33%^^ of Account balance; $10,000 * .0333 = $333
Available Margin to Trade: $333 / $218 = 1.52 lots
Tradeable lots: 1
Applied Margin on trade: 1 * 218 = 218
Margin used on trade: 218/$10,000 = 0.0218; 2.18%
Potential Gain: 1 * 274 = $274
Update - 1.2.2019 - Price action moved lower to hit our target level at 0.7014 for a 274 pip gain.