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| AUDUSD H4 |
If price goes above the channel + horizontal resistance area, I will enter long. If it goes inside the channel then I will look towards short positions.
A Full Time Trader's Blog. The Forex and Commodities Trading with Technical and Fundamental Analysis
Monday, October 22, 2012
AUDUSD Price At Channel
I was watching this setup from past few sessions. Details [here].
Price touched the channel on Friday towards end-of-day, so I didn't took up this trade. Although price is slightly below the resistance area, I will wait for the Europe mid to see how it materializes.
If price goes above the channel + horizontal resistance area, I will enter long. If it goes inside the channel then I will look towards short positions.
If price goes above the channel + horizontal resistance area, I will enter long. If it goes inside the channel then I will look towards short positions.
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