Friday, November 9, 2012

AUDUSD Channel AUDUSD Channel Trade
This is the channel trade am watching for next week. Currently price is at resistance. 

100EMA is serving as a indicator of a direction. Many times it has bounced/pullback from 100EMA. Currently price is at horizontal resistance and 100EMA is just above it.

My strategy is to short the pair on any bounces towards the channel's upper trendline. I am looking to materialize this trade next week.

No comments:

Post a Comment

Related Post