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mcpeacocks
10 nov 2015 13:51

Short AU based on bearflag break Kort

Australian Dollar/U.S. DollarFXCM

Beskrivning

break of bear flag on 4hr
target 0.69157
stops above the flag at 0.7080

Kommentera

expect some resistance at .70230 (previous support level). we may see a bounce to test the bottom of the flag.
if the level gets broken and held I will add to my shorts.

Kommentera

that reaction to the expected resistance was definitely there and the bounce was strong and came close to my stops. still short at the moment

Kommentera

ok, so that really good number for Oz employment data threw a bit of a spanner in this one and I got stopped out. looking to see how reaction is at the 0.7150 levels to possible re-enter
Mer