AUD/USD 19 JULY 2012

AUD/USD - follow me on twitter @fxdailyforecast and stocktwits.com/fxg

Price headed up yesterday to break the B high eventually.

FOR TODAY:

We now have a new A low, waiting for a new B high to form.

If we don’t get the setup we are looking for then we don’t trade.

SHORT: Will be going short only IF:

No trade setup for a short.

If we don’t get the set-up we are looking for then we don’t trade.

LONG: Will be going long today only IF:

No trade setup, we need an established B high to form.

If we don’t get the setup we are looking for then we don’t trade.