Tuesday, October 18, 2011

short term trades

The Pound has found some strength this week trading stronger on most pairs.I am long the Gbp/Aud that started out this Monday with a minor divergence on the RSI and big bullish candle from yesterday.My target may be the 5600 mark and after that the 5750.


Aud/Usd may be headed lower at least for the next few days to parity after reaching the 50% and the 61.8% fib lines territory.The Monday candle which was a big bearish signal further strengthens my conviction towards parity and the recent fundamental implications of the pair.
Good luck trading out there,these are my own analysis make sure you do your own.

No comments:

Post a Comment