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.

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