Monday, March 3, 2014

AUDUSD Short Setup perhaps? - 3rd March, 2014

AUDUSD Short Setup perhaps? - 3rd March, 2014


Outlook Trade opportunity




H1 Candle price action performed rejection pin bar during asian session


  • Price action opened lower today, breaking last weeks resistance, -
  • Currently filling the gap and which also is the broken support / now becomes resistance

Contradicting factors
  • Stochastics has bullish divergence - however will always have these during a break of support and continuation
  • Gold is appearing to wanting to break higher (positive correlation to the Aussie)

Trade recommendation

For a small risk, we can go for a short trade, with stops above pin bar


Tips -

Always take note of any economical news event on our provided calender below



No comments:

Post a Comment