AUDUSD Outlook and Trade Setup Midweek update 29th Jan, 2014
AUDUSD Outlook and Trade Setup Midweek update 29th Jan, 2014
Daily Chart
- As predicted last Friday, we rejected from the confluence fib ext level of 161.8 and 127.2
- Upside is limited however with the major resistant, and if we break through, please be careful of a 'fake break'
Hourly Chart
- This is my forecast for this pair, and if it does get up to my sell zone, for those who look at patterns, i think its a potential Cypher pattern. -
- Next support bounce is also on chart
Outlook Trade opportunity
Please see H4 chart
Risk Level LOW
Tips -
Always take note of any economical news event on our provided calender below
This is not working out for you. In my opinion you are missing the big picture aka the rba's wish of 0.85$ AUDUSD. Plus why are you considering a long position even for a correction when you have FED today with the possibility of taper?
ReplyDeleteumm i think you misread, no where in my setup was a long position.
ReplyDeleteI have a pending short
and a pending long
Blue = Buy / sell zone
Red = Stop zone
Green = Profit zone