Tuesday, November 15, 2011

Quick note

Aud/Usd has formed a head and shoulder pattern that may be completed any time soon.If it breaks the neckline of the pattern I am guessing the next level will be the 9500.Both  shoulders were unable to get passed the 200 MA and price is currently about to complete the right shoulder.I will be waiting for a break and pullback of the pair before I can enter short.
Good luck trading to all.

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