Monday, May 20, 2013

AUDUSD Bounce a Short Opportunity AUDUSD Daily Triangle
The recent decline in AUD is mainly caused by the fundamentals. And many analysts are predicting AUD to fall to 0.9/85 before any stability. And after falling to that level, it will consolidate till some fundamental improves. 

Mixing the above view along with technicals, there comes a short opportunity. After the big daily triangle break, price is bouncing a bit. Bounce towards the lower trendline present a short trade opportunity. 

I plan to enter short on touch of the tendline with a stop on break and daily close above lower trendline.

1 comment:

  1. You makes us easily understand each and every market moves about the forex market by giving us Forex Signals updates and also explaining this through a simple chart


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