Monday, 18 March 2013

AUD/USD 18 MARCH 2013



Aussie also gap opened last night, falling to the 50 of this swing. We are clearly trending up on this time frame  We are looking for a retracement followed by a bullish cs formation for a long trade setup. Expect price to aim to close the gap on this pair as well, or at least attempt.

Will be going long if:
We need a deeper retracement before buying. Stand aside for now.

Will be going short if:
No short setups at present , stand aside.

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