Aussie Loonie

Good evening Dynamic Traders,

After seeing the e-mail from Javid and Anne, may i reiterate what the other blogger contributors have written by thanking the readers of the blogs for their kind words to us which is very nice indeed and wills us on to try and keep being of assistance if we can for anyone who is interested.

Tonights chart is of the AUDCAD, which has been falling from July to October, retraced to our higher breather level by early January( which actually closed above this but didn't trigger an entry with ESLT on the BOB) and since then has been coming down again, giving a possible bearish flag break on the weekly timeframe.

On the daily chart below we have re-entered the sell zone of the DD whilst RSI is below 50.

I am watching the 4 hour timeframe for confimation but will enter by our rules of DD alone, if it goes that way tomorrow.

As always please do your own analysis, and always manage any entered trades well.

Charts courtesy of TradeStation.

Good Luck,

Clayton Farnworth.