Thursday, 1 December 2016

AUD/USD 1 DECEMBER 2016 4HOUR


Price found resistance at the 382 and fell yesterday. There is still no trade setup since our system looks for the 618/786 higher up before we will be looking for short trade setups. We have to be consistent with our trading rules, so if the conditions are not present then we stand aside.

FOR TODAY: Will be going short if:
We need price up at the 618/786 for short trade setups, so no entries currently.

FOR TODAY: Will be going long if:
Also no criteria present for long trade setups. We continue to be patient.

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