AUDUSD - LIve Update - as we bounce of trendline

AUDUSD - LIve Update - as we bounce of trendline

My bias since 2 wks ago for the Aussie is still towards the around the 0.92-0.93, therefore I am looking for clues if there is a continuation of an uptrend or if I am wrong.

• Bounced of the broken descending trend line, which could provide support and bounce?
• However I am more happy if prices retraced 20pips lower around the 0.9050 / 50% fib from yesterdays swing low to high

I have a small long position 

Cheers

USDJPY Level to watch today for a possible scalp? 18th, March, 2014

USDJPY Level to watch today for a possible scalp?

1 Hour Chart

Total of 3 x confluence / overlapping

Area to watch today is the Confluence levels of Weekly Pivot + fib 38.20 + Inverse of todays swing of 127.2 fib ext.

Also on the second chart, the same area is also the top of the kumo clouds which acts as resistance

Have drawn some predictions of possible stochs divergence.

Outlook Trade opportunity

Short Scalp

Risk Level LOW

Tips -

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