Friday, November 2, 2012

AUDUSD Channel AUDUSD Short Trade
After triangle break to upside, looks pair staled at previous highs. 

On hourly chart, price is forming out a rising channel. Upper trendline of channel is providing good resistance so far.

I would like to short pair on any spikes towards the channel's upper trendline. But today being Friday, I will keep my size small.

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