GPBJPY Trade setup for 13th January, 2014 (Monday)

GPBJPY Trade setup

UPDATED - trade did not work, although strong support, - i did not realize the pivots of weekly and daily was broken if from that level.

This is next setup which i am in now

AUDUSD forecast for the week 13th January, 2014 (Monday)

AUDUSD forecast for the week 13th January, 2014 (Monday)

Daily Chart

• The Aussie is currently trading above .90 level
• I expect the Aussie to reach the .91-.915 level
• Stochastic from the previous test of support was showing good divergence to the upside

Hourly Chart

• Bullish trend should continue this week,
• I will look for trade opportunity for bullish trend continuation retrace to ride it up

Outlook Trade opportunity

There is three setups on display on the chart above

Risk Level- LOW

Tips -

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