Thursday, November 1, 2012

AUDUSD Short Trade Coming

myfxvoyage.blogspot.com AUDUSD Short Trade
AUDUSD H1
I am watching this triangle setup from past few sessions. Previous post [here].

Width of triangle is shortening candle-by-candle and looks like triangle is about to break downside.



I will go short on break around 1.0363below the triangle. for a possible move to the lower resistance area. 100EMA and 200EMA comes below the triangle so I will be looking to breakeven the trade after 15/20 pips. 


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