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| AUDUSD H4 |
My plan is to go long on any dips towards channel and horizontal resistance area.
A Full Time Trader's Blog. The Forex and Commodities Trading with Technical and Fundamental Analysis
Friday, October 19, 2012
AUDUSD Long Trade Setup
I am watching this channel from past few trading sessions. Details [here].
Price has broken above descending channel and horizontal resistance area, so more gains can't be ruled out. I am expecting this channel and horizontal area to hold on nay pullbacks. It will be then resistance-turned-support. 200MA also comes near to horizontal area.
My plan is to go long on any dips towards channel and horizontal resistance area.
My plan is to go long on any dips towards channel and horizontal resistance area.
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