This is a swing trade may take a few days to play out.Lets watch it as it progresses.
Closed trade when it crossed the 50% mark on the fib which indicates that the pair may be moving higher for a while.
Monday, January 9, 2012
Aud/Usd
Trading short Aud/Usd on the weekly chart to the psychological level of 1000.Last weeks data out from the US being stronger than expected is beginning to show signs that risk aversion is back and that the Usd may begin to see some gains as we continue forward with all the Euro crisis that will not go away.Coupled with a technical analysis that shows the pair getting to a major resistance at around 1.0343 and closing lower may be another signal to go lower this week.
This is a swing trade may take a few days to play out.Lets watch it as it progresses.
Closed trade when it crossed the 50% mark on the fib which indicates that the pair may be moving higher for a while.
This is a swing trade may take a few days to play out.Lets watch it as it progresses.
Closed trade when it crossed the 50% mark on the fib which indicates that the pair may be moving higher for a while.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment