Wednesday 25 July 2012

AUD/USD 25 JULY 2012


AUD/USD - follow me on twitter @fxdailyforecast and stocktwits.com/fxg
Price fell yesterday just shy of the 786 and has bounced off it thus far.

FOR TODAY:
We will buy a test of the 786 after bullish cs formations.

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 will wait for a test of the 786, followed by another bullish cs formation telling us that its holding.

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

No comments:

Post a Comment