04 June 2010

AUD/USD : Drilling Down

  • Monthly and weekly charts are clear : Sell AUD/USD on basis of double top breaking NL. DT objective is marked by the pink line at 0.7747.
  • Daily : Pull-back from lows consolidating into a triangle. Boundaries are now at 0.8515 and 0.8303. 
  • Plan : Limit sell on approach of 0.8515 and/or sell break of 0.8303 (now @ 0.8441).

4 comments:

Financial Journalist said...

Good trade. I had been watching to sell AUDUSD for the past few days.

Financial Journalist said...

May I know where is your stop for this trade if order is done?

Taichiseal said...

No stop. Its makes sense to have this on as part of my core book.

Taichiseal said...

-0.8466