Tuesday, March 12, 2013

AUDUSD Hit Dual Resistance

myfxvoyage.blogspot.com AUDUSD Short trade
AUD is coming down as fast as it went up after hitting channel + 200EMA resistance.

Channel's upper trendline and 200EMA comes almost at same level and price momentum was unable to break it up.

I missed out this short opportunity. I will be looking to establish new shorts in case any spikes towards channel happens. Stop will be above the upper horizontal area around 1.0365.

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