AUD/USD 24 JUNE 2012

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We have a deeper retracement, but still shy of the 618 thus far.

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 setup 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.