Tuesday, 19 March 2013

AUD/USD 19 MARCH 2013




Price closed the gap down as can be seen. Resistance at the high leads us to believe that price is heading down to 1.0330 over coming sessions. We don’t however have an entry as yet. A sustained break of the B high will give us another swing in play.

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

Will be going short if:
Even though we are expecting price to fall down to 1.0330, we have no short setups at present , stand aside.

No comments:

Post a Comment