Economic Calendar


Live Economic Calendar Powered by the Forex Trading Portal Forexpros.com

Currency Strenght

Thursday 10 March 2011

The Reason why i bought the AUDUSD

There is a butterfly pattern emerging on the hrly Time frame  whether or not it will hold i'm not sure, However this is a speculative game and worth the risk. With bad US data as stated in earlier posts. this pattern seems viable. 
1618% expansion from XA
and a 261.8% expansion from from AB=CD
so we have FIb confluence there is also the phylogical 1.0000 to hold so my stops are just under this level @ 0.9992

No comments:

Post a Comment