Monday, October 22, 2012

AUDUSD Price At Channel

I was watching this setup from past few sessions. Details [here]. AUDUSD Short Trade
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.

No comments:

Post a Comment

Related Post