AUD/USD 20 JULY 2012

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

Price eventually gave us a B high yesterday.

FOR TODAY:

We now have to wait for a retracement down to the 618/786 of this swing.

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 set-up 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:

We need a retracement down to the 618/786 of this swing for a long trade setup.

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