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Currency Strenght

Sunday, 16 June 2013

AUDUSD Combines ABC Pattern Continued or Not



On the 4hr time frame the anchor the AUDUSD  ranges between 0.9576 and 0.9525 and 0.9518 weekly @
pivot  

Obvious Chart  pictures paints a thousand words as we watch patiently as Mr Price decides which direction it wishes to take and break of the weekly pivot will confirm the continuation of the bearish trend however a break out and hold above 0.9576 will ask for more upside potential


The Out Come of the AUDUSD  I managed to catch the early buy up, However, was unable to maintain my sell trade as i was taken out at break-even. it ranged through yesterday and fell out in the early hours of the morning. I'm expecting now a test of the lows @ 0.9420/0.9372

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